Question

Apart from cheques, people can also exchange money through Bank Drafts/ online transaction etc

Answer 1

There are many modes of exchange the money such as bank drafts, cheques etc. Bank also issue that drafts and money cheques for exchange of goods.

Because of advancement of technology, all the payments are done now through internet or cards..

Now a days, NEFT and RTGS are very popular for that purpose and takes very less time..