Question

is cheque money give reason for your answer

Answer 1

Cheques are a type of bill of exchange and were developed as a way to make payments without the need to carry large amounts ofmoney.

❤ hope this answer helps ❤

Answer 2

No , a cheque can't be considered as money because of the following reasons :

1. A cheque lacks general acceptability, i.e a person may refuse to accept payment in cheque.

2. It's a claim against money but not money in its own right.

3. If a cheque bounces the transactions will be problematic.