Question

Which of the following is true about the discounting of

bill of banks? I. Banks provide short-term finance by discounting bills, by making payment of the amount before the due date. II. The party gets the funds after waiting for the date of maturity of the bills.

A Only I is true.

B Only II is true.

C both I & II are true

D None is true

E None of these

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Relevant for Exams:

Bank of India Credit Officer Scale 1

CLAT

Which of the following is true about the discounting of

Solution

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