Lark argues that in another ten years, paper checks will be used only

QUESTION

Lark argues that in another ten years, paper checks will be used only for ceremonial purposes. Which of the following is she assuming?

A) Paper checks are easy and quick for the Fed to process, regardless of the number of banks involved.
B) All banks have the same clearing process for checks.
C) The Fed clears every check written in the United States.
D) Most banks (and the Fed) would like to see people stop using paper checks and go digital.
E) Paper check writing has not decreased in the last 25 years.

ANSWER

Answer: D
Explanation: D) Because it can be very time-consuming and costly, most banks (and the Fed) would like to see people stop using paper checks and go digital. The other choices represent factual errors.