A bill of exchange already accepted can be discounted by the holder in
COMMERCE
JAMB 2023
A bill of exchange already accepted can be discounted by the holder in
- A. the central bank
- B. his bank
- C. at least two banks
- D. any bank
Correct Answer: D. any bank
Explanation
A bill of exchange is addressed by one person to another and it must be an order to pay. Also, the order must be uncondtional.
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