To sell a bill at less that the face value before its maturity is?

COMMERCE
WAEC 2003

To sell a bill at less that the face value before its maturity is?

  • A. discounting
  • B. retiring
  • C. accepting
  • D. noting

Correct Answer: A. discounting



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.