Question
Banking And Insurance Question on Bills of Exchange
Who should accept a bill of exchange?
A
Drawer
B
Drawee
C
Payee
D
Creditor
Answer
Drawee
Explanation
Solution
The drawee is the person on whom the bill of exchange is drawn and who is required to accept it. Acceptance by the drawee signifies their agreement to pay the amount specified in the bill on the due date.