MCQOPTIONS
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MCQOPTIONS
| 1. |
What is Merchant Discount Rate? |
| A. | Rate charged by a merchant to the customers |
| B. | The rate of discount given by merchant to customers at their discretion |
| C. | Rate charged to a merchant by the bank |
| D. | Discounted interest rates for loans given by banks to merchants |
| Answer» D. Discounted interest rates for loans given by banks to merchants | |