A bill of exchange already accepted can be disc... - JAMB Commerce 2023 Question
A bill of exchange already accepted can be discounted by the holder in
A
the central bank
B
his bank
C
at least two banks
D
any bank
correct option: b
A bill of exchange that has been accepted can be discounted by the holder in his own bank. Discounting a bill of exchange involves the bank paying the holder the value of the bill before its maturity date, minus a discount fee.
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