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Business Studies

Commercial Bills and Commercial Paper

Ais a form of...

Question

Ais a form of bills of exchange used to finance the working capital of firms.

A

Commercial paper

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B

Commercial Bill

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C

Call money

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D

T-Bill

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Solution

The correct option is B Commercial Bill
A commercial bill is a form of bills of exchange used to finance the working capital of firms. It is a short- term, negotiable, self-liquidating instrument which is used to finance the credit sales of firms.

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