Question

Which of the following is NOT a benefit of using a check as a payment method? A. You can avoid carrying large sum of cash. B. You can give a check as a gift. C. You can purchase items or services in shops. D. You can write a check for more money then you have available in your account.

Answer 1

Answer is option C as cash or card is needed to do transactions in stores. It is not possible through cheque.

Answer 2

The statement 'You can write a check for more money than you have in your account' is not a benefit of using a check. It can lead to negative consequences such as overdraft fees, damage to your credit, and potential legal penalties.

Step-by-step explanation:

From the given options, the statement that is NOT a benefit of using a check as a payment method is: D. You can write a check for more money than you have available in your account. While it is technically possible to write a check for more money than you have, this is called an overdraft, and is usually not permissible. In addition, doing so may result in hefty overdraft fees, damage to your credit score, and potential legal penalties. This is not a benefit; in fact, it's a potentially problematic and unethical practice. Writing a check for more money than you have available in your account can result in overdraft fees, bounced checks, and potentially legal consequences. It's important to ensure that you have sufficient funds in your account to cover any checks you write to avoid these issues. The other options listed (A, B, and C) describe valid benefits of using checks for payment, such as avoiding the need to carry large sums of cash, giving checks as gifts, and making purchases in shops.

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