Bills of Exchange is an Instrument of ______.

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Bills of Exchange is an Instrument of trade credit. Explanation: A written financial document used in business dealings is called a bill of exchange. It is a formal agreement that requires one party to reimburse another party for a certain sum at a later date. It is often used for: • Using credit to purchase and sell things. • Giving companies short-term trade credit. • Ensuring the security of payments in business transactions.

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