Question

13. A shoe manufacturer, M. Salim has to make a payment to the leather supplier and writes
a cheque for a specific amount. This means that the shoe manufacturer instructs his bank
to pay this amount to the leather supplier. The leather supplier takes this cheque and
deposits it in his own account in the bank. The money is transferred from one bank
account to another bank account in a couple of days. The transaction is complete without
any payment of cash. What kind of payment system is indicated here?
a Loan activities of Bank
b. Demand Draft
c Cheque Payments
d Electronic payments​

Answer 1

Explanation:

the payment system taking place here is

b) demand draft

thanks a lot