state the three parties involved in a bill of
exchange.
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Answer:
Drawer, Drawee and the payee are the three parties involved in a bill of exchange.
Explanation:
follow
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- ᴀ ʙɪʟʟ ᴏꜰ ᴇxᴄʜᴀɴɢᴇ ᴏꜰᴛᴇɴ ɪɴᴄʟᴜᴅᴇꜱ ᴛʜʀᴇᴇ ᴘᴀʀᴛɪᴇꜱ—ᴛʜᴇ ᴅʀᴀᴡᴇᴇ ɪꜱ ᴛʜᴇ ᴘᴀʀᴛʏ ᴛʜᴀᴛ ᴘᴀʏꜱ ᴛʜᴇ ꜱᴜᴍ, ᴛʜᴇ ᴘᴀʏᴇᴇ ʀᴇᴄᴇɪᴠᴇꜱ ᴛʜᴀᴛ ꜱᴜᴍ, ᴀɴᴅ ᴛʜᴇ ᴅʀᴀᴡᴇʀ ɪꜱ ᴛʜᴇ ᴏɴᴇ ᴛʜᴀᴛ ᴏʙʟɪɢᴇꜱ ᴛʜᴇ ᴅʀᴀᴡᴇᴇ ᴛᴏ ᴘᴀʏ ᴛʜᴇ ᴘᴀʏᴇᴇ. ᴀ ʙɪʟʟ ᴏꜰ ᴇxᴄʜᴀɴɢᴇ ɪꜱ ᴜꜱᴇᴅ ɪɴ ɪɴᴛᴇʀɴᴀᴛɪᴏɴᴀʟ ᴛʀᴀᴅᴇ ᴛᴏ ʜᴇʟᴘ ɪᴍᴘᴏʀᴛᴇʀꜱ ᴀɴᴅ ᴇxᴘᴏʀᴛᴇʀꜱ ꜰᴜʟꜰɪʟʟ ᴛʀᴀɴꜱᴀᴄᴛɪᴏɴꜱ.
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