Social Sciences, asked by jeevasoonias, 1 year ago

differentiate between a demand draft and a cheque
CH . MONEY AND CREDIT

Answers

Answered by jyotshanagupta97

A demand draft is a negotiable instrument similar to a bill exchange. Demand drafts are difficult to countermand.
A cheque is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

Previous Question

Next Question

Similar questions

Math, 7 months ago

400×425×425×425×425×425×425 400×400×400× 400×400×400 ...

Chemistry, 7 months ago

Urgent plss help fast!!! Phosphoric acid is prepared by dissolving P4O10 in water. How many grams of P4O 10 are required to make 1.5 L of aqueous solution containing 5% phosphoric acid by mass? the density of the solution is 1.176 g/ml.

Math, 7 months ago

23) The boat goes 30km upstream and 44km downstream in 10hours. In 13 hours, it can go 40km upstream and 55km downstream. Determine the speed of stream and that of the boat in still water.

Math, 1 year ago

6 bracket 6 x - 5 bracket close - 5 bracket 7 x - 8 bracket is equals to 12 bracket 4 is equals 4 - X bracket + 1...

Math, 1 year ago