Social Sciences, asked by purnimasnd0611, 1 year ago

what is the check? how does it replace currency

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Answered by tanishtamakuwla

3

Answer:

How does it replace currency? Answer: A cheque is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name the cheque has been drawn. The facility of cheque against demand deposits makes it possible to directly settle the payments without the use of withdrawal.

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