Multiple choice

Directions: State whether the following statement is True Or False.Bills of exchange are drawn by the sellers on the buyers.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A bill of exchange is a written order by the drawer (the seller/creditor) to the drawee (the buyer/debtor) to pay a specific amount to a specified person.

Keep practicing — related questions