Interest in Cashing a Check
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Question
Someone borrowed a thousand shekels in cash, and at the time of repayment, the borrower said he has a check for one thousand one hundred shekels and wants the lender to take the check instead of cash, and the borrower will add another fifty for the loan. Is this considered interest?
Answer
The lender can charge a fee for accepting the check, only at the rate charged in the market for cashing checks.
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