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---- ADVANTAGES OF BILL OF EXCHANGES ----

1.Flexibility : A Bill of Exchange can be tailored to meet the specific needs of the parties involved, making it a flexible form of payment.

2.Secure Form of Payment: The Bill of Exchange is a secure form of payment, as it requires the drawee to pay the payee upon presentation of the bill.

3.Transferable : A Bill of Exchange can be transferred from the payee to another party for collection, making it a highly transferable form of payment.

4.Lower Cost: Compared to a traditional loan, a Bill of Exchange may offer lower cost of financing, as it eliminates the need for a lender and the associated interest charges.

5.Improved Cash Flow : The use of a Bill of Exchange can improve cash flow, as it allows the drawee to defer payment until the bill is presented for payment.

6.International Acceptance : A Bill of Exchange is widely accepted in international trade transactions, making it a convenient and efficient form of payment for international trade.

7.Simplifies Payment Process : The Bill of Exchange simplifies the payment process, as it eliminates the need for multiple parties to negotiate payment terms.



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