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  • Legal and Regulatory Aspects of Bank (JAIIB)- 5
  • The maker of the bill is called
Multiple choice

The maker of the bill is called

  1. endorse

  2. drawee

  3. drawer

  4. None of the above

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

The maker of a bill of exchange or cheque is called the “drawer;” the person thereby directed to pay is called the “drawee.”

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