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select one option Bank-accepted bills are termed as discount securities because: a. the drawer pays the face value plus fees and a margin to the
select one option
Bank-accepted bills are termed as discount securities because: a. the drawer pays the face value plus fees and a margin to the discounter. b. the difference between the initial price and the final sale price is the return to the holder. c. the bank needs to find an endorser. d. the bill can be extended by "rolling over" at maturity. e. the bill is an asset on the bank's balance sheet Step by Step Solution
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