Question

what is bill of exchange and its feature?

Answer 1

.hey there
Exchange Of Money increased enormously with the growth of internal and foreign trade. Before travelling to distant places merchants would deposit money with sharrafs (moneychangers) and receive hundis. after reaching their destination the merchants recived their money on producing the hundis (Bill of exchange).
The feature of hundis (bill of exchange) made long-distance trade safe.
i hope this will help u buddy.