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| 1. |
Non inancor ou(k) Define bill of exchange. |
| Answer» TION:A bill of exchange does not USUALLY include a REQUIREMENT to pay interest. If interest is to be paid, then the percentage interest RATE is stated on the document. If a bill does not pay interest, then it is effectively a post-dated check. If an entity accepts a bill of exchange, its risk is that the drawee MAY not pay. | |