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Bills of Exchange MCQs
What does an order to pay include?
2. What does an order to pay include?
- Demand Draft
- Bills Of Exchange
- Overdraft
- Accounts Receivable
Answer: B) Bills Of Exchange
Explanation:
A bill of exchange is given by the lender and orders a borrower to pay a specific sum within a given timeframe. The promissory note, then again, is given by the account holder and is a guarantee to pay a specific measure of cash in a given period.