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In Relation to a Commercial Bill,the Acceptance Fee Is The

Question 33

Multiple Choice

In relation to a commercial bill,the acceptance fee is the:


A) discounter's fee for taking on the risks associated with discounting the bill.
B) fee for drawing up the bill.
C) fee for taking the liability for paying the holder at maturity.
D) drawer's fee for taking on the risks associated with drawing the bill.

Correct Answer:

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