CUET Preparation Today
Which of the following is included in the cash handled by the Cash and Bank Sub-System? |
Only digital money Only coins and currency Both physical cash and electronic fund transfers Only foreign currency |
Both physical cash and electronic fund transfers |
The correct answer is option 3- Both physical cash and electronic fund transfers. CASH AND BANK SUB-SYSTEM deals with the receipt and payment of cash both physical cash and electronic fund transfer. Electronic fund transfer takes place without having the physical entry or exit of cash by using the credit cards or electronic banking. |
