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Which of the Following Statements Is Not True About Bills

Question 9

Multiple Choice

Which of the following statements is not true about bills of exchange?


A) Businesses cannot issue bills of exchange but they can buy and sell them.
B) They are often held by several parties before being presented for payment.
C) They are often used to raise short term finance for commercial transactions.
D) They play an important role in providing credit for international transactions.

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