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Why Do Retail Stores Have the Option to Accept Cheques

Question 116

Multiple Choice

Why do retail stores have the option to accept cheques or NOT, but the acceptance of currency is required?  


A)  because currency is backed by gold 
B)  because cheques are NOT money but currency is 
C)  because currency is legal tender but cheques are NOT 
D)  because currency is a medium of exchange but cheques are NOT

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