passwella.
Menu

WAEC Commerce 2001 Question 32

Question 32

Banking

When a bill is paid before its due date at a lesser value, it is

  1. A.accepted
  2. B.discounted
  3. C.dishonoured
  4. D.retired
Show the answer and explanation

Answer: B (discounted)

Explanation

Discounting a bill means cashing it before maturity for less than its face value.