The use of checks in transactions
A) entails lower information costs than the use of currency.
B) entails fewer steps than settling transactions with currency.
C) avoids the cost of transporting currency back and forth.
D) entails fewer steps and lower information costs than settling transactions with currency.

Question

Quizplus · Accepted Answer

The use of checks in transactions avoids the cost of transporting currency back and forth because checks can be mailed or electronically transferred, eliminating the need for physical movement of currency.

The Use of Checks in Transactions