Multiple Choice
Which of the following statements is correct?
A) A bank bill is a negotiable instrument.
B) A bank-accepted bill is regarded by market participants as equivalent to a bank-endorsed bill.
C) The issuer of the bank-accepted bill will repay the holder of the bill directly at maturity.
D) The issuer of a bank-endorsed bill has to pay regular interest payments to the holder, unlike with a bank-accepted bill.
Correct Answer:

Verified
Correct Answer:
Verified
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