Which of the following statements is not true of cheques? They

Which of the following statements is not true of cheques? They
  • A.
    provide an alternative to carrying large sums of money around
  • B.
    can be written out for any amount needed
  • C.
    are legal tender
  • D.
    provides a form of receipt
  • E.
    provide a record of payment made
Correct Answer: Option C
Explanation
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