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Which of the Following About Bank Bills Is Incorrect

Question 29

Multiple Choice

Which of the following about bank bills is incorrect?


A) For a bank bill, the drawer has the secondary liability to pay the holder of the bill at maturity.
B) A commercial bank generally carries out the role of an acceptor on a bill.
C) With a bank as an acceptor, it makes it easier to sell the bill at a higher yield.
D) When the discounter discounts the face value of the bill they provide the funds to the borrower.

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