A bill holder wishing to dispose of his bills before maturity would be paid?

Assessment: WAEC SSCE - Commerce - 1989 (Objective) Subject: Commerce

Question 1 Report

A bill holder wishing to dispose of his bills before maturity would be paid?
Answer Details
When a bill holder wants to sell their bill before its maturity date, they can sell it at a discounted value, which is the amount of money that the buyer pays to the seller for the bill. This discounted value is calculated based on the remaining time until the bill matures, the face value of the bill, and the prevailing interest rate. Therefore, the correct answer is "the discount value of the bill".
Read lesson note on Commerce (JAMB)
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