With regard to bank bills,the actual role of the acceptor is to:

Question

Quizplus · Accepted Answer

The acceptor of a bank bill is the party who agrees to pay the face value of the bill to the holder at maturity, making option D the correct answer. The acceptor is usually the borrower who is obtaining funds from the bank and is obligated to repay the amount borrowed plus interest. The acceptor does not provide initial funding, act as a mediator, or issue the bank bill.

With Regard to Bank Bills,the Actual Role of the Acceptor