Introduction of checks into the payments system reduced the costs of exchanging goods and services. Another advantage of checks is that Group of answer choices they provide convenient receipts for purchases. they can never be stolen. they are more widely accepted than currency. the funds from a deposited check are available for use immediately.

Question

Business

Roger Lane

9 April, 14:38

Introduction of checks into the payments system reduced the costs of exchanging goods and services. Another advantage of checks is that Group of answer choices they provide convenient receipts for purchases. they can never be stolen. they are more widely accepted than currency. the funds from a deposited check are available for use immediately.

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Answers (1)

Know the Answer?

Angela Cruz · Answer 1

they provide convenient receipts for purchases

Explanation:

Checks payment is a form of paying bills. They were created to allow people to make payments without carrying large amounts of cash hence convenient for purchases. They are also are safer than other forms of payment as they are traceable; when a transaction occurs and payment is made by checks, banks usually make copies of each check and the owner remains with an underlying copy from the check book.