It is a short-term, negotiable, self-liquidating instrument which is used to finance the credit sales of firms.
A)Commercial bill
B)Commercial papers
C)Call money
D)None of the above

Question

Quizplus · Accepted Answer

Commercial bills are short-term, negotiable, and self-liquidating instruments used by firms to finance their credit sales. They are typically issued by the seller to the buyer and can be discounted or sold to finance the seller's short-term liquidity needs.

It Is a Short-Term, Negotiable, Self-Liquidating Instrument Which Is Used