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Question
A crossed cheque is a safer mode of payment as compared to an open. cheque." Justify.
Answer in Brief
Solution
A crossed cheque is more secure than an open cheque since it must be deposited in a bank account and cannot be cashed instantly at the counter. This decreases the danger of theft and fraud because the payments are traceable and can only be credited to the intended recipient's account.
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Types of Cheques
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