JAMB Commerce 2019 Objective — Question 20

Question 20 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2019 Objective paper, with the correct answer and a full explanation.

A bill of exchange accepted can be discounted by the holder in the

A. Central Bank
B. at least his bank
C. his bank
D. any bankCorrect

Explanation

If a bill of exchange is accepted, the holder's banker (or any bank) can discount it for the holder.

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