Multiple Choice
Which of these is not a reason a business would be prepared to accept a bill of exchange in settlement of a debt?
A) If a legal dispute arises the bill represents a legal, written acknowledgment of the debt and its amount.
B) Because a bill of exchange has government backing.
C) A bill is interest-bearing and thereby produces interest for the business granting credit.
D) A bill is more easily converted into cash than accounts receivable.
Correct Answer:

Verified
Correct Answer:
Verified
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