A bill of exchange paid before its due date at an amount ...
A bill of exchange paid before its due date at an amount less than its face value is said to have been
accepted
rejected
discounted
dishonoured
Correct answer is C
A discounted bill is one sold for early payment to a bank or credit institution at less than face value after the bank deducts fees and applicable interest charges.
Which of the following cannot be used as a means of transport between Kano and Lagos? ...
Which of the following is a disadvantage of air transport? ...
Which of the following terms is used in marine insurance when the cargo suffers partial loss? ...
The document lodged with the customs authorities before a ship can leave the port is a ...
Which of the following is not an economic grouping ...
What is NOT a principle of an insurance contract? ...
A core investor in the current phase of privatization in Nigeria is one who? ...
Into which of the following two broad areas can trade be divided? ...