Introduction of cheques into the payments system reduced the costs of exchanging goods and services. Another advantage of cheques is that ________.
A) they provide convenient receipts for purchases
B) they can never be stolen
C) they are more widely accepted than currency
D) the funds from a deposited cheque are available for use immediately

Question

Quizplus · Accepted Answer

Cheques provide a record of payment and can serve as a convenient receipt for purchases. The other options are not necessarily true - cheques can still be stolen, they may not be accepted everywhere, and there may be a delay before the funds are available for use.

Introduction of Cheques into the Payments System Reduced the Costs