Which of the Following Statements About Bill Acceptance Facilities Is

Multiple Choice

Which of the following statements about bill acceptance facilities is incorrect?

A) When a bank discounts a bill for the issuer, it buys it.
B) When a bank that holds a bill rediscounts it the bank onsells it.
C) When a bank acts as an acceptor it will pay the face value of the bill to the holder at maturity.
D) If interest rates change before a bank bill matures, the bank can change the interest rate on it.