Question

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

Answer 1

Use of cheques are a convenient form money exchange in regards to the following:

-payments can be made via cheques  without carrying around large sums of money.

-money transfer remains safe as the only person who can cash a cheque is the named individual.

-Counting mistakes can be avoided.

-cheques can easily be traced if lost, contrary to losing cash.

-money transfer is safer with crossed cheques.

-individuals can use post-dated cheques.