Multiple choice

The noting and protesting charges are paid on

  1. acceptance of the bills of exchange

  2. drawing of the bills of exchange

  3. dishonour of the bills of exchange

  4. discounting of the bills of exchange

  5. endorsement of bills in favour of creditors by the drawer

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The noting and protesting charges are paid by the drawer on the dishonour of bills of exchange.