Which of the following is true about cash as a method of paying employees?
A) Cash is readily transferable and highly liquid.
B) Cash is the most secure payment method.
C) Cash is the most convenient pay method for employers.
D) Cash is the most widely used payment method.

Question

Quizplus · Accepted Answer

Cash is readily transferable and highly liquid, meaning that it can easily be exchanged for goods or services and converted into other forms of currency if needed. However, cash is not always the most secure payment method and may not be convenient for all employers. It is also not the most widely used payment method, as many companies now use electronic payment systems such as direct deposit.

Which of the Following Is True About Cash as a Method