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With a Bank-Accepted Bill Rollover Facility The

Question 22

Multiple Choice

With a bank-accepted bill rollover facility the:


A) borrower agrees to accept bills drawn by the bank up to a specified limit.
B) borrower agrees to accept bills drawn by the bank up to an unspecified limit.
C) bank agrees to accept bills drawn by the borrower up to a specified limit.
D) The bank agrees to accept, discount and rollover bills at a fixed interest rate up to a year.

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