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Bill of Exchange — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBill of Exchange1 Mark
Question
Mention three advantages of a Bill of Exchange.
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Answer

Three advantages of Bill of Exchange are:
  1. Purchase and sale of goods on credit is not difficult.
  2. Bill of Exchange can be discounted thus, liquidity is available.
  3. Creditors can be paid by endorsement of Bill of Exchange.

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