A check:
A)has a higher risk of loss than currency for transactions.
B)has a time limit of 30 days.
C)cannot be canceled by means of a stop payment once it is signed.
D)is not a substitute for currency and coins.
E)can be rendered worthless in case of suspected forgery.

Question

Quizplus · Accepted Answer

Checks can be rendered worthless if there is suspected forgery, as banks will not honor a check that appears to be fraudulent. This is a security measure to prevent financial loss due to fraudulent activities.

A Check