State four disadvantages of using cheques as a means of payment

      

State four disadvantages of using cheques as a means of payment

  

Answers


Kavungya
- Commission is charged
- Unsuitable for small amounts/values
- Payments may not be acceptable in certain areas e.g. transport, retail outlets
- May be forged
- Crossed cheques takes time to be cashed hence unsuitable where money is urgently required
Kavungya answered the question on April 1, 2019 at 07:56


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