Question

A shoe manufacturer Mr. Sohaib has to make payment to the leather supplier and writes cheque for bank. The money is transferred from one bank account to another bank account. The transaction is completed without the payment of any cash the specific account. The leather supplier deposit it in in his own account in the bank. The money is transferred from one bank account to another bank account. The transaction is completed without the payment of any cash.
Analyze the whole procedure of payment and find one correct option used here
(A) Double coincidence of wants
(B) Demand deposit
(C) Demand and supply
(D) Medium of exchange

Answer 1

Answer:

D. Medium of exchange.

Answer 2

Answer:

Explanation:

Its medium of exchange ( D)