Which of the following is NOT true of a cheque as a means of payment?…

Which of the following is NOT true of a cheque as a means of payment? It
  • A.
    can be made out of a definite payee
  • B.
    is generally acceptable
  • C.
    is safer than carrying cash
  • D.
    is transferable
  • E.
    serves as a proof of payment
Correct Answer: Option B
Explanation
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