question 9 (1 point) the introduction of cheques into the payments system resulted in lower transaction…

question 9 (1 point) the introduction of cheques into the payments system resulted in lower transaction costs for both the issuer and the recipient. another advantage of cheques is that __________. they are more widely accepted than currency the funds from a deposited cheque are immediately available for use they provide convenient receipts for purchases if stolen they can easily be replaced without cost

question 9 (1 point) the introduction of cheques into the payments system resulted in lower transaction costs for both the issuer and the recipient. another advantage of cheques is that __________. they are more widely accepted than currency the funds from a deposited cheque are immediately available for use they provide convenient receipts for purchases if stolen they can easily be replaced without cost

Answer

Brief Explanations:

Currency is more widely - accepted than cheques. Funds from a deposited cheque usually have a hold period and are not immediately available. Replacing a stolen cheque may involve costs and procedures. Cheques do provide convenient receipts for purchases as they record details of the transaction, date, amount, and payee - payer information.

Answer:

They provide convenient receipts for purchases