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

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

In accounting for the exchange bill, when the drawer draws a bill and drawee accepts it, drawee returns the bill to the drawer after accepting. Now, the drawer is the holder of the bill and he can use this bill in the following different ways except:a.By endorsing the billb.By sending the bill to the payeec.By discounting the billd.By holding the bill till the due date

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 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 cash disbursements system processes the payment of obligations created in the purchases system.Select one:TrueFalse