apart from checks people can also exchange money through banks drafts or online transaction extra .find out more about the different modes of exchange
Answers
Answered by
1
Money has taken many forms from barter to metal money, paper notes and bank deposits. Cheques, book transfer, bank drafts, mail transfers, telegraphic transfers are various modes of exchanges through a bank.
After CBS were implemented in banks NEFT/RTGS were introduced for instance money transfer. International money transfer is done through SWIFT. Of late various digital interface is introduced through mobile banking for money transfer.
After CBS were implemented in banks NEFT/RTGS were introduced for instance money transfer. International money transfer is done through SWIFT. Of late various digital interface is introduced through mobile banking for money transfer.
Similar questions