Question

. Mr. Dev is a garment manufacturer. He has to make a
payment one of his exporter and writes a cheque for a
specific amount. The exporter takes this cheque and deposits
it in his own account in the bank. The money is transferred
from one bank account to another bank account in a couple
of days to transaction is complete without any payment of
cash.
1
Analyses the information given above, considering one of the
following correct option-
a) Cheques against demand deposits makes it possible to
directly settle payments without the use of cash.
b) The medium of exchange is an important function of
money.​

Answer 1

Answer:

b will be the answer medium of exchange is one of the important factor