adedepearl adedepearl
  • 14-10-2020
  • Computers and Technology
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is cheque money? give reason​

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morgfanss123 morgfanss123
  • 14-10-2020

Answer:

Cheque is not money. cheque is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name the cheque has been drawn. The facility of cheque against demand deposits makes it possible to directly settle the payments without the use of withdrawal.

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