1
Question
What is a bill of exchange used for?
What is a bill of exchange used for?
Open in App
Solution
A bill of exchange is used in a foreign trade that obligates one party to pay an assured sum of money to another on a certain due date. In simple words, it is like an invoice for international trade.
Also see:
A bill of exchange is used in a foreign trade that obligates one party to pay an assured sum of money to another on a certain due date. In simple words, it is like an invoice for international trade.
Also see:
Suggest Corrections
0
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
