Who might pay the bank a fee for the service of bill discounting? Question 15Answer a. The seller of the goods b. The goods' shipping company c. The actual buyer of the goods d. The manufacturer of the goods
The correct answer is:
a. The seller of the goods
In bill discounting, the seller of the goods typically pays the bank a fee for the service, as they are the ones seeking to receive immediate cash by discounting the bills of exchange or promissory notes before they are due.