In a bill discount facility:
A) the borrower undertakes to buy bills of exchange drawn by the bank up to a specified total amount.
B) the bank undertakes to sell bills of exchange drawn by the borrower up to a specified total amount.
C) the bank undertakes to sell bills of exchange drawn by the borrower for an unspecified total amount,usually determined by demand and supply.
D) none of the given options.
Correct Answer:
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