A bill either accepted or endorsed by a bank is referred to as a:
A)trade bill.
B)bill of exchange.
C)bank bill.
D)commercial bill.

Question

Quizplus · Accepted Answer

A bill accepted or endorsed by a bank is referred to as a bank bill. This indicates the bank's guarantee to pay the face value of the bill at maturity, making it a more secure and trusted form of payment or credit instrument in the financial market.

A Bill Either Accepted or Endorsed by a Bank Is