Economics · Banking and Finance
Which type of bill finance involves a bank advancing funds to the drawer against a commercial bill before its maturity date, after deducting a certain charge?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Endorsement of bills
- 2Discounting of bills✓
- 3Negotiation of bills
- 4Collection of bills
Correct answer
Discounting of bills
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