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  • Principles and Practices of Banking - 3 (JAIIB)
  • Under domestic factoring, normally the seller of goods im...
Multiple choice

Under domestic factoring, normally the seller of goods immediately receives ___ % of the bill amount on tendering the bills.

  1. 0

  2. 90

  3. 80

  4. 75

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

Under domestic factoring, normally the seller of goods immediately receives 80% of the bill amount on tendering the bills.

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