Both bills and promissory notes raise funds for a short period (up to a year)and interest is paid by the borrower at maturity.

Name: Both bills and promissory notes raise funds for a short period (up to a year)and interest is paid by the borrower at maturity.
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Bills and promissory notes are short-term financing instruments that typically have a maturity of up to one year. Interest is usually paid by the borrower at maturity.

Both Bills and Promissory Notes Raise Funds for a Short