As of December 2014, which of the following accounts for the highest volume of noncash transactions in the United States?
A)Checks.
B)Card payments.
C)Debit transfers.
D)E-money payments.
E)Credit transfers.

Question

Quizplus · Accepted Answer

According to the Federal Reserve Payments Study 2016, card payments, including debit and credit cards, accounted for the highest volume of noncash transactions in the United States in 2015, surpassing check payments for the first time. Therefore, the correct choice is B.

As of December 2014, Which of the Following Accounts for the Highest