The Enduring Appeal of Checks
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Questions and Answers

Which of the following is NOT a reason why checks are still widely used as a payment method?

  • Many businesses do not accept plastic (correct)
  • Saves money on processing fees
  • Checks create a paper trail
  • Person-to-person transactions

    • What percentage of small businesses do not accept credit cards as a payment method?

  • 55% (correct)
  • 75%
  • 45%
  • 65%

    • Which of the following is a safety tip for using Venmo?

  • Only use Venmo with people you don't trust
  • Change your account setting to private (correct)
  • Don't set up a PIN or Touch ID
  • Store large balances on Venmo

    • Which of the following is a disadvantage of Bitcoin?

    <p>Bitcoin is highly volatile and can experience significant price fluctuations.</p> Signup and view all the answers

    What is the advantage of Bitcoin compared to traditional forms of payment?

    <p>Bitcoin is fast and easy to transfer to locations around the world.</p> Signup and view all the answers

    What is the role of blockchain in cryptocurrency transactions?

    <p>Blockchain records and stores all transactions across the network.</p> Signup and view all the answers

    Why is it important to set your Venmo account to private?

    <p>To prevent fraud and protect against thieves pretending to be your friend.</p> Signup and view all the answers

    Which of the following is NOT a reason why checks are still widely used as a payment method?

    <p>Many businesses do not accept plastic.</p> Signup and view all the answers

    What percentage of small businesses do not accept credit cards as a payment method?

    <p>55%</p> Signup and view all the answers

    What is one advantage of using checks as a payment method?

    <p>Creates a paper trail.</p> Signup and view all the answers

    Which of the following is a characteristic of Bitcoin?

    <p>Bitcoin transactions are tax-free</p> Signup and view all the answers

    What is the price of Ethereum as of July 10, 2022?

    <p>$1,032</p> Signup and view all the answers

    Why is it important to check if something feels right when using Venmo?

    <p>To prevent fraud</p> Signup and view all the answers

    What is the advantage of using blockchain technology in cryptocurrency transactions?

    <p>Blockchain technology makes transactions faster and easier</p> Signup and view all the answers

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