Question

in what ways have cheques made exchange of money more convenient ​

Answer 1

Answer:

1. Making payments and sending money becomes easy when the person or the company is in the different city.

2. Cheques are the convenient mode of sending and receiving money for the business purposes.

3. Cheques can also be sent through post.

4. Cheques are useful when the transaction to be made is high.

Answer 2

advantages of cheques are :

• it helps to avoid carrying bulk which is very risky .
• Handling of huge cash on a daily basis is also avoided.
• All cheque payments will be recorded in books of banks.
• Cross cheque are safe for remittance purposes.