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cheques are type of money

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cheques are type of money

Posted by Krishna Modi 2 years, 9 months ago

CBSE > Class 12 > Economics

2 answers

Preeti Dabral 2 years, 9 months ago

Cheques are also called negotiable instruments. In banking terms, a negotiable instrument is a document that promises its bearer a payment of the specified amount either on furnishing the document to the banker or by a given date.

0Thank You

Rohit Singh 2 years, 10 months ago

If you are considering a bank cheque as a money then you are wrong as it is only a medium of money exchange..

0Thank You

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CBSE > Class 12 > Economics