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    Question

    The person who draws a bill of exchange is called

    the:
    A Drawee Correct Answer Incorrect Answer
    B Payee Correct Answer Incorrect Answer
    C Drawer Correct Answer Incorrect Answer
    D Endorsee Correct Answer Incorrect Answer

    Solution

    In a bill of exchange, the 'Drawer' is the party who makes the bill (the creditor). The 'Drawee' is the party who accepts it (the debtor), and the 'Payee' is the one who receives the payment.

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