CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

When a trade bill is accepted by a commercial bank, it is known as a _____


A

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

Certificate of deposit

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Commercial Bill

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D

Call money

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C

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.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Commercial Bills and Commercial Paper
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon