"banknotes" or "checks." The distinction between the two is that a check must be redeemed by the issuing bank with each use … limits the bank's risk-taking behavior, so that banknotes will be preferred over checks. …

explanation for the continued popularity of checks. An underlying assumption of these studies is that check float operates as a …

being made with electronic payment instruments. As in past years, however, the value of checks far exceeded the value of … serve. For example, at credit unions, which generally serve individuals rather than businesses, checks accounted for a …, declined slightly. The rate at which checks are returned also declined, while the rate of returned ACH payments--almost twice …