How bill of exchange is a convenient means of credit?

BOE enables the buyer of the good to buy goods on credit and pay after a certain period.

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BOE allows the seller to dicount the BOE from bank and get money instantly.

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BOE is based on trust between the buyer and seller and everyone uses it.

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Both A & B

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Solution

The correct option is D
Both A & B

Bill of exchange is the convenience means of credit for both buyer and seller as mentioned above

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Similar questions

When a buyer returns goods to the seller, he sends a _______ as intimation to the seller of the amount and quantity being returned and requesting the return of money. Whereas when a Seller receives goods (returned) from the buyer, he prepares and sends a _______ as intimation to the buyer showing that the money for the related goods is being returned in the form of a credit note.

Q. When goods are sold on credit basis the seller becomes a _________ and a buyer becomes a ___________.

Q. ________ is a specific place where buyers and sellers meet to buy and sell goods.

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How bill of exchange is a convenient means of credit?

The correct option is D Both A & B Bill of exchange is the convenience means of credit for both buyer and seller as mentioned above

The correct option is D
Both A & B

Bill of exchange is the convenience means of credit for both buyer and seller as mentioned above