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

Commerce
JAMB 2023

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

  • A. the central bank
  • B. his bank
  • C. at least two banks
  • D. any bank
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Correct Answer: Option D
Explanation

A bill of exchange is addressed by one person to another and it must be an order to pay. Also, the order must be uncondtional.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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