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Which of the following statements about bank bills is incorrect? The payee is the party that receives the borrowed funds when the bill is initially
Which of the following statements about bank bills is incorrect? The payee is the party that receives the borrowed funds when the bill is initially issued. The discounter is the party that repays the acceptor at maturity. The acceptor is the party that has primary liability to repay the face value of the bill. The drawer is the party that issues the bill
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