If a person writes a cheque on a Saskatoon bank to purchase a new car,he or she is employing money as:

Name: If a person writes a cheque on a Saskatoon bank to purchase a new car,he or she is employing money as:
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Question

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The person is using the cheque to transfer ownership of the funds necessary to purchase the car. Money acts as a medium of exchange in this transaction, allowing the buyer to easily trade their funds for the car without the need for direct bartering or exchanging goods for goods.

If a Person Writes a Cheque on a Saskatoon Bank