What is a cheque? What are the advantages of depositing money in the bank?
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It is more convenient than carrying cash around. Payments can be stopped if necessary. Cheques are safer if crossed. One does not have to count notes and risk making counting mistakes. A cheque can be drawn up anytime.
1.It is the safer place to keep money as compared to the house or a working place.
ii). People can earn interest on the deposited money. ... People have the provisions to withdrawn the money as and when they require.
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