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Business Studies

Commercial Bills and Commercial Paper

In a financia...

Question

In a financial transaction, money can be exchanged in the form of _____ .

A

currency notes

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B

coins

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C

cheques

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D

all of these

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Solution

The correct option is D all of these
Money can be exchange in the form of currency notes, coins, cheques, demand drafts etc. for financial transactions among the people.
Instruments like cheques, demand drafts have to be cleared by the banks.

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