Compared to an Electronic Payments System, a Payments System Based

Multiple Choice

Compared to an electronic payments system, a payments system based on cheques has the major drawback that ________.

A) cheques are less costly to process
B) cheques 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