[Solved] Compared to an Electronic Payments System,a Payments System Based on Checks

Question 63
Multiple Choice
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Compared to an electronic payments system,a payments system based on checks has the major drawback that

A)checks are less costly to process.
B)checks take longer to process,meaning that it may take several days before the depositor can get her cash.
C)fraud may be more difficult to commit when paper receipts are eliminated.
D)legal liability is more clearly defined.

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