The "efficiency of the payments mechanism" refers to
A)the ease and speed of exchanging money for goods and services.
B)how fast member banks replenish required reserves.
C)how fast banks pay interest on deposit accounts.
D)how fast countries pay off foreign debts.

Question

Quizplus · Accepted Answer

Efficiency of the payments mechanism refers to the ease and speed of exchanging money for goods and services, which is related to the smooth functioning of the payment system. It includes the speed, reliability, security, and cost of electronic and non-electronic payment methods used within a country or between countries.

The "Efficiency of the Payments Mechanism" Refers to