Select the correct answer from the options given below and rewrite the

Select the correct answer from the options given below and rewrite the statements.(i) Negotiable Instrument which can be discounted with the bank __ (a) Cheque (b) Bills of Exchange (c) Bank Draft(ii) Bank overdraft is a term facility provided by bank. (a) medium (b) short (c) long(iii) A loan for a period of more than 5 years is called as _ loans. (a) short term (b) long term (c) medium-term(iv) Purchase and sale of securities is ____ function of Bank.(a) primary (b) utility (c) agency

Answer»

(i) (b) Bills of Exchange

(ii) (b) short

(iii) (b) long term

(iv) (c) agency