Write a comparison between cheque and demand draft (dd) ....need urgently
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A cheque is a bill on exchange drawn on a specified banker and not expressed to be payable otherwise than on demand.
Demand draft is the pre-payable negotiable instrument
wherein the drawee bank acts as a guarantor to make payments in full when instrument is presented.
Demand draft is the pre-payable negotiable instrument
wherein the drawee bank acts as a guarantor to make payments in full when instrument is presented.
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