Over several hundred years, payments systems used incountries across the world have evolved. For each of the following situations identify the type of payment utilizedand at least one reason why economies are moving fromchecks to electronic payments.a. Sheila visits a local grocery store to purchase a dozeneggs and a bag of dog food. She uses a €100 note topay for the goods.b. Rachael Garcia, a manager at Proxall Pharmacy, useda piece of gold worth $20 to pay for office suppliesshe needed this month.c. Edward has just moved to the city to be closer tohis office. He was shopping online for some piecesof furniture and he bought a wardrobe and a tablelamp. He used a checking account to initiate anautomatic bill payment for the items
Over several hundred years, payments systems used in
countries across the world have evolved. For each of the following situations identify the type of payment utilized
and at least one reason why economies are moving from
checks to electronic payments.
a. Sheila visits a local grocery store to purchase a dozen
eggs and a bag of dog food. She uses a €100 note to
pay for the goods.
b. Rachael Garcia, a manager at Proxall Pharmacy, used
a piece of gold worth $20 to pay for office supplies
she needed this month.
c. Edward has just moved to the city to be closer to
his office. He was shopping online for some pieces
of furniture and he bought a wardrobe and a table
lamp. He used a checking account to initiate an
automatic bill payment for the items
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