Question

quiz
question 2 of 8
your favorite cousin briar’s birthday is coming up, and you’d like to gift her some money from your checking account. what is the benefit of gifting money via check?
select a response.

• it is better because you get to earn interest.
• it is safer because you can trace the transaction.
• it is faster because money will be available instantly.
• it is cheaper because it has a flat fee per transaction.

Explanation:

• For the option "It is better because you get to earn interest": Checking accounts generally have low or no interest, and gifting via check doesn't earn interest for the giver in this context, so this is incorrect.
• For "It is safer because you can trace the transaction": Checks provide a paper trail (or electronic record) of the transaction, allowing you to see when it was processed, who cashed it, etc., which is a safety benefit as you can verify the transaction.
• For "It is faster because money will be available instantly": Checks typically take time to clear (days), unlike some digital payments that are instant, so this is incorrect.
• For "It is cheaper because it has a flat fee per transaction": Many checking accounts have no fee for writing checks, but the "flat fee" claim isn't a standard or major benefit of gifting via check, and other payment methods can also have flat fees or no fees. So the safety from traceability is the correct benefit.

Answer:

B. It is safer because you can trace the transaction.