Sally opened a small boutique. Unfortunately, she had no credit and her suppliers wished to be paid immediately. Sally did not like to carry cash, so she paid by
writing cheques on her term deposit account.
writing cheques on her demand deposit account.
using a banker's acceptance.
writing a promissory note.
using a letter of credit.

Question

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The Answer of Sally opened a small boutique. Unfortunately, she had no credit and her suppliers wished to be paid immediately. Sally did not like to carry cash, so she paid by
writing cheques on her term deposit account.
writing cheques on her demand deposit account.
using a banker's acceptance.
writing a promissory note.
using a letter of credit.

Sally Opened a Small Boutique