The _______ is the party that lends the funds in a commercial bill transaction.
A) acceptor
B) discounter
C) drawer
D) endorser

Question

Quizplus · Accepted Answer

The discounter is the party that lends the funds in a commercial bill transaction. The drawer is the party that initiates the transaction by creating the bill, the acceptor is the party that agrees to pay the bill, and the endorser is the party that transfers the right to payment to another party.

The _______ Is the Party That Lends the Funds in a Commercial