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Bills Of Exchange
Essay specific features
Written by:
Joyce J
Date added:
January 13, 2013
Level:
University
Grade:
A
No of pages / words:
2 / 453
Was viewed:
2945 times
Rating of current essay:
Essay content:
Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. Prior to the advent of paper currency, bills of exchange were a common means of exchange. They are not used as often today.
For example, you have accepted that your customer pays the
invoice amount in 3 monthly installments of 1000 USD each...
displayed 300 characters
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They are not used as often today.
For example, you have accepted that your customer pays the
invoice amount in 3 monthly installments of 1000 USD each.
You will issue 3 bills of exhange of 1000 usd each and
maturing in month in month m, m+1 and m+2. The bills of
exchange will be sent to your customer for
acceptance(customer signs them)...
displayed 300 characters
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