GyeongjuGloryDaysFestivalJoy
Tue Aug 06 2024
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5 answers
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What is Bill of exchange?
Could you please explain what a Bill of Exchange is in simple terms? I've heard it mentioned in the context of finance and international trade, but I'm not entirely clear on its function and purpose. Is it a type of promissory note or a means of payment? How does it differ from other financial instruments, and what are some common scenarios where it's used? I'd appreciate a concise yet informative answer to help me better understand this concept.
