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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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