Maharashtra State BoardHSC Commerce 12th Board Exam
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Explain the following term/concept.Commercial bills - Secretarial Practice

Short Note

Explain the following term/concept.
Commercial bills

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Solution

These are the trade bills accepted by commercial banks. Trade bills are negotiable instruments or bills drawn by a seller on the buyer for the value of goods sold under credit sales. Banks can rediscount the bills any number of times till the maturity of the bill.

Concept: Types of Financial Market
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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 11 Financial Market
Exercise | Q 2.6 | Page 169
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