All of the following are features of cash except:
A) It is instantly convertible into other forms of value without intermediation.
B) It requires no authentication.
C) It is anonymous.
D) It provides float.

Question

Quizplus · Accepted Answer

Cash does not provide float. Float is the amount of time between when a payment is made and when the payment is received, allowing for the payment to earn interest or be used for other purposes during that time. Cash is immediately received upon payment, so there is no float. A, B, and C are all features of cash: it is instantly convertible, requires no authentication, and is anonymous.

All of the Following Are Features of Cash Except