What is another name for a discount house?

What is another name for a discount house?

• A. Building societies
• B. Bill broker
• C. Investment fund
• D. Merchant bank

Answer: (B)

Discount houses provide short-term finance by discounting bills of exchange, acting as intermediaries in the money market. Because their main activity was discounting bills on behalf of merchants, they are commonly known as bill brokers. Building societies focus on savings and mortgages, investment funds pool capital for investments, and merchant banks handle corporate finance and trade finance. So the term that fits a discount house best is bill broker.

Discount houses provide short-term finance by discounting bills of exchange, acting as intermediaries in the money market. Because their main activity was discounting bills on behalf of merchants, they are commonly known as bill brokers. Building societies focus on savings and mortgages, investment funds pool capital for investments, and merchant banks handle corporate finance and trade finance. So the term that fits a discount house best is bill broker.