Solved

Which of the Following Statements Is Correct

Question 48

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions