The party who is ordered to pay the amount of bill of exchange is called as .

drawer

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drawee

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payer

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payee

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Solution

The correct option is B drawee
The maker of the bills of exchange is the drawer i.e., the person who draws the bill. He is the person who has granted credit to the person on whom the bills of exchange is drawn.

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The party which is entitled to receive the payment of bill of exchange is known as :

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