Question 10
Financial InstitutionsA discount house is a market where
- A.various bills are exchanged
- B.short-term and medium-term loans are obtained
- C.shares are bought and sold
- D.short-term loans are obtained
Show the answer and explanation
Answer: A (various bills are exchanged)
Explanation
A discount house buys and sells (discounts) bills such as treasury bills and bills of exchange.