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a When a bank endorses a bill of exchange it is effectively providing a financial  guarantee Explain this statement b Why does a bank charge a fee to endorse a bill  c Why might the issue

(a) “When a bank endorses a bill of exchange it is effectively providing a financial 
guarantee.” Explain this statement.

(b) Why does a bank charge a fee to endorse a bill? 

(c) Why might the issuer of a bill be willing to pay a bank a fee in return for its 
endorsement? 

Apr 17 2021 View more View Less

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