Which of the following is false regarding checks?

A) Because of electronic fund transfers, checks are of little importance in the U.S. today.
B) In 2009, Americans wrote approximately 70 billion checks.
C) Of all the negotiable instruments regulated by the UCC, checks are the most common type used.
D) Checks are considered negotiable instruments under Article 3 of the UCC.
E) Article 4 creates a framework controlling deposit and checking agreements between banks and customers; and when Articles 3 and 4 conflict, Article 4 is to take precedence.

Electronic Fund Transfers

The transfer of money from one account to another, conducted electronically, often through computer systems and without the direct hand-off of physical money.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time, and are transferable from one party to another.

Article 3

Typically refers to a specific section within a legal document or law that outlines certain provisions or regulations. Without more context, it's broad, but in the U.S. Constitution, it establishes the Judicial Branch.