Multiple choice

Which European country had announced the phasing out of cheques by 2018?

  1. Russia

  2. Spain

  3. United Kingdom

  4. Greece

  5. Germany
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The UK banking industry announced in 2009 that cheques would be phased out by 2018 as part of a move towards electronic payments. This decision was driven by declining cheque usage and the cost of processing paper-based transactions. Other European countries like Germany, France, and Spain continued to support cheque systems during this period.

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