Question

Is cheque money? Give reasons for your answer.​

Answer 1

Answer:

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

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Answer 2

Answer:

cheque can't be considered as money because of the following reasons : ... 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.