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A major advantage of a bill financing facility is that it:

Questions and AnswersPosted On:2023-10-06 22:40:59Viewed:118

A major advantage of a bill financing facility is that it:

A. lowers the acceptor's fees for a bank bill

B. lowers the drawer's cost in drawing up the bill

C. allows businesses to access financing at a lower cost than overdrafts

D. lowers the discounter's fee for taking on risks associated with the bills

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Last updated on:2023-10-06 22:40:59

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which is of low cost than going for the overdraft


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