Which of the following is true about cash as a method of paying employees?
A)Cash is the most secure payment method.
B)Cash is the most widely used payment method.
C)Cash is readily transferable and highly liquid.
D)Cash is the most convenient pay method for employers.

Question

Quizplus · Accepted Answer

Cash is readily transferable and highly liquid, meaning it can easily be used for transactions and is available for immediate use. However, it may not be the most secure payment method and has become less commonly used in favor of electronic payment options. Additionally, handling large amounts of cash can be inconvenient and risky for employers.

Which of the Following Is True About Cash as a Method