Question

what is the importance of cheque​

Answer 1

Explanation:

It offers benefits to consumers using cheques to make payments. The main advantages of using cheques as a way of paying for goods and services are the following; Safe: only the named recipient is able to cash the cheque at a bank or other financial institution.

Answer 2

The importance of a cheque is:

Cheques are used to make payments. It is safe for paying for goods and services because only the named recipient is able to cash the cheque at the bank or other financial institutions. It is less risky and the danger of loss is minimized. The cheque is an important negotiable instrument that can be transferred by mere hand delivery.