A bill of exchange dated 3 July 2022 is payable 2 months after date. Counting three days of grace, what is its date of maturity?
Answer and explanation
Correct answer: B. 6 September 2022
- Step 1: 2 months after 3 July 2022 is 3 September 2022.
- Step 2: Adding 3 days of grace gives 6 September 2022.
Answer
6 September 2022.
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