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प्रश्न
A demand draft is preferable to a cheque. Justify either for or against.
संक्षेप में उत्तर
उत्तर
A demand draft is preferred over a cheque because of its increased security, as it requires prepayment and cannot bounce, ensuring guaranteed payment for the recipient. Additionally, demand drafts generally clear faster and are ideal for large transactions where reliability is crucial.
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Bank Draft
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