Question

Define a cheque? class 9th economics.​

Answer 1

Answer:

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Explanation:

A cheque is a piece of document/paper which orders the bank to transfer money from the bank account of an individual or an Organisation to another bank account. The person who writes the cheque is called the “drawer” and the person in whose name the cheque has been issued is called the “payee”.

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Answer 2

A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer's name with that institution.