🎴 Flashcard Mode
2010 Current Affairs & General Knowledge Quiz
Card1 / 46
Mastered0
Review0
QuestionClick to flip
Which European country had announced the phasing out of cheques by 2018?
AnswerClick to flip back
A
United Kingdom
💡 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.