WAEC Commerce 2024 Objective — Question 32
Question 32 of 50 from the West African Examinations Council (WAEC) Commerce 2024 Objective paper, with the correct answer and a full explanation.
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32. The holder of a bill who wishes to dispose it before maturity would be paid A.
- A. dividend.
- B. interest.
- C. the discounted value.Correct
- D. the face value.
Explanation
When a holder of a bill wants cash earlier than the date of maturity of the bill, then he take it to discount houses for discounting.
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