Multiple Choice
Which of the following statements with regards to a company that wishes to invest its idle cash balances in the commercial bill market is false?
A) A company can be the original 'discounter' of a commercial bill.
B) A company can be the 'acceptor' of a commercial bill.
C) A company rediscounts a bill that has previously been discounted by another bill discounter.
D) A company can be either the original 'discounter' or the 'acceptor' of a commercial bill.
Correct Answer:
Verified
Correct Answer:
Verified
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