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

More Economy and Banking and Finance Static Concepts Questions