economicsCheque is a way to transfer ____ from one bank account to another bank account.

Cheque is a way to transfer ____ from one bank account to another bank account.


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    Solution:

    A cheque is a way through which the money from one bank account can be transferred to another bank account. The payer, who has an account in a specific bank, draws out a cheque to make payment for a specific amount. The cheque is said to be a statement to the bank to pay a specific amount from the payer's account to the person whose name is mentioned on the cheque.
     
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