What is a cheque? How does it replace currency? -SST 10th

What is a cheque? How does it replace currency? -SST 10th
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A cheque is a paper instructing the bank to pay a specific amount from the person’s account to the person in whose name the cheque has been drawn. . The facility of cheque against demand deposits makes it possible to directly settle the payments without the use of withdrawal. . For payment through cheque, the payer who has an account with the bank, makes out a cheque of a specific amount. . The money is transferred from one bank account to another in a couple of days. The transaction is complete without any payment of cash.
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