Which retail payment mechanism has experienced the most dramatic increase in usage (when measured in terms of the value of transactions)?
A)Cash.
B)Cheques.
C)Credit cards.
D)Debit cards.
E)Direct entry.

Question

Quizplus · Accepted Answer

Direct entry payments have seen a significant increase in usage due to the rise of electronic funds transfers and automated clearing house transactions, which are more efficient and secure for high-value transactions compared to traditional methods like cash or cheques.

Which Retail Payment Mechanism Has Experienced the Most Dramatic Increase