A bill of exchange sold for less than its face value before maturity is said to be
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Correct Answer: Option D
Explanation:
A bill of exchange is said to be discounted when it is sold or transferred before its maturity date for less than its face value. The difference between the face value and the amount received represents the discount.
A bill of exchange is said to be discounted when it is sold or transferred before its maturity date for less than its face value. The difference between the face value and the amount received represents the discount.