Why were people in Canada in the nineteenth century sometimes willing to be paid by cheque rather

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Why were people in Canada in the nineteenth century sometimes willing to be paid by cheque rather than with gold, even though they knew that there was a possibility that the cheque might bounce?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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Question Posted: Nov 09, 2018 11:47 AM

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Why were people in Canada in the nineteenth century sometimes willing to be paid by cheque rather

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Because a cheque was so much easier to transport than go...View the full answer

The Economics of Money Banking and Financial Markets

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