Register now or log in to join your professional community.
a. Purchase or discount bills b. Letter of Credit c. Cash Credit d. Overdraft e. Factoring.
Sir I think apart from letter of credit there could be another option.
I think it would be A>discounting of bills receivable with the bank. This is because bills of payment are only payable at a later date. If I want the money immediately I will get a discounted rate depositing the bills to finance my current assets. The amount that can be raised through LOC though variable is limited . But if the amount of bills receivable is large discounting them with the bank could be an option. Yes they can also be endorsed and discounted with3rd parties.
D
The Correct Answer is A
A is the correct answer
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.