Answer the Following Question in One Sentence Only. What is Inland Bill Exchange?

Answer the following question in one sentence only.
What is inland bill exchange?

One Line Answer

A bill of exchange drawn and payable within a country is known as inland bill of exchange.

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Necessity of Bill of Exchange (Only Trade Bill)

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Chapter 9: Bill of Exchange (Trade Bill) - Exercise 1 [Page 316]

Chapter 9 Bill of Exchange (Trade Bill)
Exercise 1 | Q 9 | Page 316

Bank account is debited when a bill is sent to the bank for collection.

Answer the following question in one sentence only.
What is foreign bill of exchange?

Give word / term or phrase for the following statement.
A bill of exchange drawn and accepted for a value received.

Give word / term or phrase for the following statement.
The bill which is drawn in one country and payable in other country.

Write True or False.
The inland bill which is drawn in and payable in the same country.

Write a word / term / phrase as a substitute of the following statement.
A bill which is drawn in India and payable in other country.