Bill of Exchange MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

Test your learning with this multiple choice question (MCQ) test on the bill of exchange. If you can answer every question correctly, it will be great preparation for your exams, interviews, and professional work.

This quiz consists of 10 MCQs. If you have any problems answering the questions, consider reading our description and analysis of the bill of exchange.

1. A bill promise contains:
2. The acceptor of a bill of exchange is called the:
3. The act of transferring a bill of exchange from one person to another is called:
4. The period of time after which a bill becomes payable is called:
5. The bills receivable book is a part of the:
6. The formal certificate of dishonoring the bill issued by the notary public is called:
7. An accommodation bill is drawn:
8. A promissory note contains:
9. The number of parties in a promissory note is:
10. Kite-flying or kiting in an accommodation bill refers to the:

Bill of Exchange MCQs FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.