expllain how money transcation can happen without using cash

Cheques can be made against demand deposits in order for money transfer money without the use of cash. A cheque is a piece of paper instructing a bank to transfer an amount of money from the person's (who is issuing the cheque) account to the account of the person in whose name the cheque is issued.

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Thank you
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  • Other then using cash, we can use cheques for money transactions.
  • A cheque is a paper instructing a bank to transfer a specific amount of money from the person's account to the person whose name the cheque has been issued to.
  • This allows to directly settle payments without the use of cash. 
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The money less transaction occurs through cheques
The cheque is a document which instructs the bank to increase the amount in the person s account,specified in the cheque and withdraws the same amount from the person s account from whom the money is being transferred from.
Thus,cashless transcations take place
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A cheque is a paper instructing the bank to pay specific amount from the person's account to the person in whose the name cheque jas been made.
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Other than cash transaction can happen through cheques. It is a paper instructing the bank to give a specific amount of money from the person's account to the account specified in the cheque
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