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प्रश्न
What is the main advantage of Discounting Bills of Exchange for the seller?
पर्याय
Immediate availability of funds
No need to pay interest
High loan amount
Flexibility in repayment terms
MCQ
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उत्तर
Immediate availability of funds
Explanation:
By discounting a bill, the seller sells the credit instrument to a bank for cash before its maturity. The bank pays immediately (minus a discount/charge), giving the seller quick liquidity.
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