Answer the following question in one sentence only.

What is foreign bill of exchange?

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Solution

A bill of exchange drawn in one country and payable in another is known as foreign bill of exchange.

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Directions for the following:

Read the following information and answer the items that follow. Your answers to these items should be based on the information given only.

The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.

Foreign Exchange Reserves Of a Country. (in million US $)

Question 32.The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review?

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Answer the following question in one sentence only. What is foreign bill of exchange?

A bill of exchange drawn in one country and payable in another is known as foreign bill of exchange.

Answer the following question in one sentence only.

What is foreign bill of exchange?