What Is the Difference Between a Bill of Exchange and a Cheque

question 39

Multiple Choice

What is the difference between a bill of exchange and a cheque?

• A)A cheque is a bill of exchange in which the drawee is a financial institution.
• B)A bill of exchange is a form of cheque in which the drawee is a financial institution.
• C)A bill of exchange is negotiable whereas a cheque is not.
• D)A cheque is negotiable whereas a bill of exchange is not.

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Definitions:

Currency Cross Rates

These are exchange rates between two currencies, neither of which is the domestic currency of the country where the quote is given.

CPI

The Consumer Price Index is a gauge that determines the composite weighted pricing of various consumer products and services, which encompass medical care, food, and transportation.

Base Year

A specific year against which economic or financial data is compared to measure economic performance or inflation.

Ratio

A quantitative relationship between two numbers, showing how many times one value contains or is contained in the other.