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AIBE question and official answer

AIBE VIII 2015 Set A Question 57

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Question 57 of 100 AIBE VIII 2015 Set A

A/An .... is one which is drawn by one person and accepted by another, without consideration, merely to enable the drawer to raise money on the bill by discounting it.

  1. A Bills in sets
  2. B Documentary bill
  3. C Bearer instrument
  4. D Accommodation bill Official answer

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