One advantage of using checks to settle transactions is
A)they are more difficult to use fraudulently than currency or precious metals are.
B)there is effectively no cost to using them.
C)they are as liquid as cash.
D)there is no information cost involved in accepting them.

Question

Quizplus · Accepted Answer

Checks are more secure than currency or precious metals because they require the signature of the account holder, making them more difficult to use fraudulently. However, there may be some cost associated with using checks, such as a fee for ordering them or a fee for insufficient funds. They may also take some time to clear, making them less liquid than cash. Finally, there may be information costs involved in accepting checks, such as verifying the account and the signature.

One Advantage of Using Checks to Settle Transactions Is