The bills of exchange aremainly used for short-term service. Generally, bills of exchange are not considered to be a good option for banking services.Select one:TrueFalse

Bills of Exchange can be used in a way such as; by holding the bill till due date, by discounting the bill, and by endorsing the bill.Select one:TrueFalse

It is a type of bill of exchange where the This bill does not have any proof of a document, so the interest is comparatively higher than the other bills.a.Foreign Billb.Trade Billc.Clean Billd.Monetary Bill

The money market is a financial market in which:  only long-term debt instruments are traded   only short-term debt instruments are traded   only medium-term debt instruments are traded   none of the other alternatives is correct             Question 8Tips1 / 1 ptsCurrency includes:  paper money, coins and deposits                       paper money and coins   paper money, coins and checks   paper money and savings accounts  Question 9Tips1 / 1 ptsThe three functions of money are:  medium of exchange, unit of account and specialization   medium of exchange, indirect exchange and store of value                       medium of exchange, unit of account and store of value   unit of account, specialization, and store of value  Question 10Tips1 / 1 ptsAssume you win $1.000.000 in the lottery. 40% of the prize is paid to you today and the remainder will be paid in a year’s time. If the interest rate is 7%, what is the present value of the lottery prize? Provide your answer up to two decimal places.Quiz Score: 10 out of 10Submission Details:

Which of the following statements about bills is NOT correct?Group of answer choicesThe drawer has a liability with a bank-accepted bill to pay face value to the acceptor bank.There is an active secondary market in bank-accepted bills.Once a bill has been discounted into the marketplace, the cost of funds will vary for the issuer.At maturity for a bank-accepted bill, the acceptor will pay face value to the holder.

It is used as an alternative to bank borrowing for large and creditworthy companies,Answer choicesSelect only one optionREVISITCommercial papersTreasury billDebenturesCall money