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| 1. |
Explain the rol explain the role of cheque in demand deposit as a form of money |
| Answer» A cheque is a paper instructing the bank to pay a specific amount from a person’saccount to the person in whose name the cheque has been issued. The payer, who has an account with the bank, makes out a cheque for a specific amount.The facility of cheques against demand deposits makes it possible to directly settle payments without the use of cash | |