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WAEC Commerce 2024 Question 32

Question 32

Purchase and Sale of Goods

The holder of a bill who wishes to dispose it before maturity would be paid

  1. A.dividend.
  2. B.interest.
  3. C.the discounted value.
  4. D.the face value.
Show the answer and explanation

Answer: C (the discounted value.)

Explanation

A bill sold before it is due is discounted: the buyer pays less than its face value.