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Question
Use of cheque, is a sign of a ________ money market.
Use of cheque, is a sign of a ________ money market.
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Solution
The correct option is D developed
A cheque refers to a document that orders a bank to pay a specific
amount of money from a person's account to the person in whose name the cheque
has been issued. Using cheque is a sign of a developed money market as cheque is a form of paper money of high face value and very low commodity value which makes the monetary transaction between two parties more efficient.
A cheque refers to a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. Using cheque is a sign of a developed money market as cheque is a form of paper money of high face value and very low commodity value which makes the monetary transaction between two parties more efficient.
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