What is ‘Bill Purchase’?5
847 5b5cc7dde4d2b419777515fe
Q: What is ‘Bill Purchase’?
- Show Answer
- Workspace
- Discuss
Answer :
Explanation :
In ‘Bill Purchase’ the loan will be created for the full value of the draft and the interest will be recovered when the actual payment comes. For example, a ‘Sight draft’ is presented for which the loan is created for 100% of the draft value. The money is received after 7 days, and then the interest will be recovered for 7 days along with the principal amount.
Similar Questions
Since Nithya and Suganya exchange places, so Rita’s new position is the same as Monika’s earlier position. This position is 17th from the right and 10th from the left. Therefore Number of girls in the row = (16 + 1 + 9) = 26.