Question

What is a cheque? What are the advantages of depositing money in the bank?​

Answer 1

Answer:

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 People have the provisions to withdrawn the money as and when they require.