Mention the importance of transaction through cheque using any two examples other than given in your textbook
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Explanation:
A Cheque is defined as a document that is issued by the bank and work as an instrument for the transfer of money in favor of the bearer of that cheque. Basically, it is a type of negotiable instrument that helps to make a payment and complete a particular transaction between two parties.
The cheque is an important negotiable instrument that can be transferred by mere hand delivery. The cheque is used to make a safe and convenient payment. It is less risky and the danger of loss is minimized.
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