In what ways have Cheques made exchange of money more convenient?
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Answered by
39
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.
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-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.
mark as brainlist..
Answered by
13
Cheques made the transaction of money easier. We do not want to carry paper notes and coins. It can control theft.
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