With Online Banking and EFT,many People Don't Really Need Checks

question 121

Multiple Choice

With online banking and EFT,many people don't really need checks anymore.If you seldom need a paper check for transactions,what option is available to you that may be cheaper than maintaining a checking account?

• A)Certified checks
• B)Cashiers checks
• C)Money orders
• D)Both B and C are good options.

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Definitions:

Growth Rate

The measure of the increase in size, number, value, or strength of a business or a segment of its operations over a specific period.

Earnings Per Share

A measure of a company's profitability, calculated as the company's net income divided by the total number of outstanding shares.

Double

An increase by 100% or a factor of two in a particular measure or quantity.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value.