Widespread use of deposit banking and the use of cheques in transactions in Canada
◦ dates back to the 19th century.
◦ first occurred in the early 20th century.
◦ has slowly developed, and the volume of transactions by cheques has surpassed the volume of transactions by cash only since the early 1980s.
◦ first occurred shortly after World War II.
◦ first occurred shortly after World War I.