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1. In relation to short-term debt securities, which is correct: Select one: a.Often, in a bill issue the drawer and the discounter are the same

1. In relation to short-term debt securities, which is correct: Select one: a.Often, in a bill issue the drawer and the discounter are the same party. b.For a bank-accepted bill the order of liability for payment of the bill runs from the drawer to the acceptor, then to all the endorsers. c.The drawer of a bank bill is the party lending the funds. d.The party that advances the funds to a borrower in a bill issue is called the acceptor. e.Commercial paper is unsecured funding for large creditworthy companies.

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