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    Question

    While exchanging the bills, ______- number of parties

    are involved.
    A Five Correct Answer Incorrect Answer
    B seven Correct Answer Incorrect Answer
    C four Correct Answer Incorrect Answer
    D two Correct Answer Incorrect Answer
    E three Correct Answer Incorrect Answer

    Solution

    The bill of exchange is a three-party negotiable instrument that contains an unconditional written order by one party (the drawer) to another (the drawee) to pay money to the payee.

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