Question

a substitute of cash and cheque is​

Answer 1

Answer:

There are many substitute to cash and cheques.

• Credit card: Cash paid to the bank after using it in advance through credit card.
• Debit Cards: Prepaid card used to transfer money but to limited amount with very low fees and reliable way.
• Money Order: It is a kind of certified cheques that ensures that funds are received.
• Online Fund Transfer: Internet services such as paypal used by freelancers and bloggers.
• Mobile Payment: Funds transferred with the help of mobile.
• Electronic Transfers: Transfer of Funds through automated machines.

Some other substitutes but not very much used.

• Wire Transfer: Using wire to transfer funds directly to the bank account is much expensive.
• Email Transfer: Used to transfer fund through email, usually available with online banking and requires a recipient and password.

Explanation:

Hope this answer may help!

Answer 2

Answer:

DEMAND DEPOSIT

Explanation:

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