Which of the Following About Bank Bills Is Incorrect

question 29

Multiple Choice

Which of the following about bank bills is incorrect?

• A) For a bank bill, the drawer has the secondary liability to pay the holder of the bill at maturity.
• B) A commercial bank generally carries out the role of an acceptor on a bill.
• C) With a bank as an acceptor, it makes it easier to sell the bill at a higher yield.
• D) When the discounter discounts the face value of the bill they provide the funds to the borrower.

Understand the concept and calculation of IQ.

Recognize the multiple intelligences theory and its application in education.

Identify the historical development of intelligence testing.

Distinguish between different types of intelligence as per various psychological theories.

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Definitions:

Financial Statements

A set of formal records that outline an entity's financial activities and condition, including the balance sheet, income statement, and cash flow statement.

Stock Market

A collection of markets and exchanges where the buying, selling, and issuance of shares of publicly-held companies occur.

Market-to-Book Value

A ratio used to compare a company's market value to its book value, indicating how much investors are willing to pay above or below the net asset value.

Financial Statements

Documents that present the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.