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Question

Ais a form of bills of exchange used to finance the working capital of firms.
  1. Commercial paper
  2. Commercial Bill
  3. Call money
  4. T-Bill


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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