Question

What are some advantages and disadvantages to paying with checks?

Answer 1

Answer:

Disadvantages of Checks:

Just because you have a check in hand, that doesn't guarantee payment; bounced checks can even cost you money. Depending on your bank, they may assess fees for these bounced checks. Checking accounts can be frozen, empty or even nonexistent

Step-by-step explanation:

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Answer 2

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ZIMSEC O Level Commerce Notes: Money and Banking: Advantages and Disadvantages of cheques

• It is more convenient than carrying cash around.

• It is more convenient than carrying cash around.Payments can be stopped if necessary.

• It is more convenient than carrying cash around.Payments can be stopped if necessary.Cheques are safer if crossed.

• It is more convenient than carrying cash around.Payments can be stopped if necessary.Cheques are safer if crossed.One does not have to count notes and risk making counting mistakes.

• It is more convenient than carrying cash around.Payments can be stopped if necessary.Cheques are safer if crossed.One does not have to count notes and risk making counting mistakes.A cheque can be drawn up anytime.

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