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Widespread Use of Deposit Banking and the Use of Cheques

Question 52

Multiple Choice

Widespread use of deposit banking and the use of cheques in transactions in Canada


A) dates back to the 19th century.
B) first occurred shortly after World War I.
C) first occurred in the early 20th century.
D) has slowly developed, and the volume of transactions by cheques has surpassed the volume of transactions by cash only since the early 1980s.
E) first occurred shortly after World War II.

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