Promissory notes have an advantage over commercial bills in that:
A) they are marketable.
B) a borrower with a low credit rating will find bank endorsement unnecessary.
C) they are non-negotiable.
D) an entity selling a promissory note does not incur a contingent liability.
Correct Answer:
Verified
Q28: The acceptance fee in relation to a
Q29: Why will banks permit the use of
Q30: In a bill discount facility:
A)the borrower undertakes
Q31: Which of the following statements is true?
A)A
Q32: The interbank overnight rate is:
A)well below the
Q34: An advantage of promissory notes over some
Q35: With an effective annual interest rate of
Q36: A fully drawn bill facility:
A)provides a company
Q37: A bill either accepted or endorsed by
Q38: Endorsement means that:
A)if the acceptor is unable
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