Questions You want your new company to move toward cashless transactions You know that this method has grown enormously in Canada and you feel confident that it will work for you. Which of the following statements is false with respect to cashless transactions A) E-banking has reduced the use of cheques in Canada B) Credit cards are protected by the Bills of Exchange Act C) Debit cards are not protected by the Bills of Bachige Act D) Merchants pay a fee to a card issuer to participate in electronic payments Sam and James opened up an accounting business together. They shared office space and administrative staff. However, they had separate clients. If Sam cheats on his client, then James is not responsible A) True B) False