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When a trade bill is accepted by a commercial bank, it is known as a _____
- a)Certificate of deposit
- b)Commercial Bill
- c)Call money
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
When a trade bill is accepted by a commercial bank, it is known as a _...
Commercial bill is a short term, negotiable, and self-liquidating instrument with low risk. It creates a liability to make payment in a fixed date when goods are bought on credit.
Bills of exchange are negotiable instruments drawn by the seller (drawer) on the buyer (drawee) on the value of the goods delivered to him.
Such bills are called trade bills. When trade bills are accepted by commercial banks, they are called commercial bills.
Bills of exchange are negotiable instruments drawn by the seller (drawer) on the buyer (drawee) on the value of the goods delivered to him.
Such bills are called trade bills. When trade bills are accepted by commercial banks, they are called commercial bills.
Most Upvoted Answer
When a trade bill is accepted by a commercial bank, it is known as a _...
Commercial bill is a short term, negotiable, and self-liquidating instrument with low risk. It creates a liability to make payment in a fixed date when goods are bought on credit.
Bills of exchange are negotiable instruments drawn by the seller (drawer) on the buyer (drawee) on the value of the goods delivered to him.
Such bills are called trade bills. When trade bills are accepted by commercial banks, they are called commercial bills.
Bills of exchange are negotiable instruments drawn by the seller (drawer) on the buyer (drawee) on the value of the goods delivered to him.
Such bills are called trade bills. When trade bills are accepted by commercial banks, they are called commercial bills.
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When a trade bill is accepted by a commercial bank, it is known as a _...
Commercial bills : A bills of exchange issued by a company (a trade bill) or accepted by a bank (a bank bill), as opposed to a Treasury bill, which is issued by the government.
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When a trade bill is accepted by a commercial bank, it is known as a _____a)Certificate of depositb)Commercial Billc)Call moneyd)None of theseCorrect answer is option 'B'. Can you explain this answer?
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When a trade bill is accepted by a commercial bank, it is known as a _____a)Certificate of depositb)Commercial Billc)Call moneyd)None of theseCorrect answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about When a trade bill is accepted by a commercial bank, it is known as a _____a)Certificate of depositb)Commercial Billc)Call moneyd)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When a trade bill is accepted by a commercial bank, it is known as a _____a)Certificate of depositb)Commercial Billc)Call moneyd)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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