Question

Answer in brief:-
Is cheque money? Give reason for your answer.​

Answer 1

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.

Answer 2

elło❤❤

Checks and credit cards are not money because they are not a means of payment. A checks is an order to transfer a deposit from one person to another. The deposits are the money but the checks are not. ... The loan still needs to repaid with money.

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