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Question
When a trade bill is accepted by a commercial bank, it is known as a _____.
When a trade bill is accepted by a commercial bank, it is known as a _____.
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Solution
The correct option is B Commercial Bill
Commercial bills : A bills of exchange issued by a company (a trade bill) or accepted by a bank (a bank bill), as opposed to a Treasury bill, which is issued by the government.
Commercial bills : A bills of exchange issued by a company (a trade bill) or accepted by a bank (a bank bill), as opposed to a Treasury bill, which is issued by the government.
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