Multiple choice

Accommodation bill is used

  1. to finance actual purchase or sale of goods

  2. by two business people to mutually help each other in finance

  3. to facilitate trade trasnsmission

  4. All of the above

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Correct; without any consideration, both raise bills against each other and discounts with their banks for finance.

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