Because of the "unbanked," the U.S. government continues to use checks to make payments to individuals.
Correct Answer:
Verified
Q2: In the U.S., cash accounts for about
Q3: Check and credit cards account for most
Q4: ATMs are the most visible form of
Q5: Proprietary ATM systems are increasingly popular.
Q6: One of the major advantages of electronic
Q8: Electronic money is legal tender.
Q9: Electronic Data Capture (EDC) is used by
Q10: Seigniorage is a major component of the
Q11: Payments made over CHIPS have "finality."
Q12: Settlement risk involves credit risk, liquidity risk,
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