Commerce JAMB

A bill of exchange already accepted can be discounted by the holder in ______?

A. the central bank
B. at least two banks
C. his bank
D. any bank

Correct Answer:

Option D – any bank

Explanation

Is an unconditional written order from one person to another to pay a specified sum of money to a designated person.

Sunday

Share
Published by
Sunday
Tags: Commerce

Recent Posts

TEE 239 Theory Questions: Halliday’s Functions of Language

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

12 hours ago

TEE 239 Theory Questions: Functions of English in Nigeria

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

12 hours ago

TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​

200 Level Language Acquisition Proces exam questions and detailed answers. Download the answers in document format.…

12 hours ago

TEE 239 Theory Questions: Language Acquisition and Learning

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

13 hours ago

TEE 206 Theory Question: Lesson Plan for SS2 Students

200 Level English Language And Literature Methods exam questions and detailed answers. Download the answers in document…

14 hours ago

TEE 206 Theory Questions: Teaching Literature in Schools

200 Level English Language And Literature Methods exam questions and detailed answers. Download the answers in document…

15 hours ago