What Are The Advantages Of Cheques Compared To Commodity Money?
List the advantages of using cheques compared to using commodity money.
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asked 2 years ago
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Following are the advantages of using Cheques:
- Cheques are more secure than money because if they are stealed you can immediately inform the bank and stop the transaction.
- They are secure mode of payment in a transaction as if the goods delivered are not satisfactory, you can cancel or stop the payment.
- Post dated Cheques are very beneficial as they are used to ensure that the services or goods are supplied properly.
- Cheques are more secure than money because if they are stealed you can immediately inform the bank and stop the transaction.
- They are secure mode of payment in a transaction as if the goods delivered are not satisfactory, you can cancel or stop the payment.
- Post dated Cheques are very beneficial as they are used to ensure that the services or goods are supplied properly.
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