State True or False with reasons:A bill can’t be deposited into the

1.	State True or False with reasons:A bill can’t be deposited into the bank for collection.
Answer» This statement is False. When a drawer or holder of the bill needs money on the due date, he has to deposit the bill into the bank for collection purposes. So that bank can collect the amount in time. This means a bill can be deposited into the bank for collection.

State True or False with reasons:A bill can’t be deposited into the bank for collection.

Answer»

This statement is False.

When a drawer or holder of the bill needs money on the due date, he has to deposit the bill into the bank for collection purposes. So that bank can collect the amount in time. This means a bill can be deposited into the bank for collection.

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State True or False with reasons:A bill can’t be deposited into the bank for collection.

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