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:

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