We are doing a topic in Home Economics called %26#039;How are you paying%26#039; and we need 3 advantages and 3 disadvantages for cash and cheques. Help me please.
Advantages and Disadvanages of Cash and Cheques.?credit card debt
Cash is more liquid; can purchase items faster, no waiting times for clearing, already legal tender. Untraceable, good for buyer, bad for tax man.
Cheques can be used to transfer large amounts of money in single paper. Leaves money trail; banks have info; debatable whether good or bad. East to fraud, cheques bouncing after completing transaction.
Just some of my thoughts.
Advantages and Disadvanages of Cash and Cheques.?
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Don%26#039;t know if this helps, but : paying with check means 1) less to carry, 2) backed by bank, 3) easier to cancle if bad service.
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