Question: Promissory notes have a decided advantage over bills in that: Select one: a. they are liquid. b. an issuer of a promissory note does not

Promissory notes have a decided advantage over bills in that:

Select one:

a. they are liquid.

b. an issuer of a promissory note does not incur a contingent liability.

c. borrower without a strong name in the markets does not need bank endorsement.

d. sole liability to repay the face value at maturity belongs to the underwriting bank(s).

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