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Question
______ also known as bank bill or bill of exchange refers to the instrument used to finance the working capital requirements of a firm.
Options
Call Money
Treasury Bills
Commercial Paper
Certificate of Deposit
MCQ
Solution
Commercial Paper
Explanation -
A commercial bill, also known as a bank bill or a bill of exchange, is an instrument used to finance a company's working capital needs. It is a negotiable short-term instrument. Commercial Bills are used to finance credit sales by businesses.
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Kinds of Capital Market
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