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11th Class Business Studies Sources Of Business Finance Question Bank Sources Of Business Finance (Short)

  • question_answer
    What do you mean by discounting of bills of exchange?

    Answer:

    Ans.     Discounting of bills of exchange means that the bank pays the person beforehand at less than face value and receives the payment on maturity equivalent to maturity value. The difference between the amount paid and face value is the return for discounting bills of exchange.


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