Solved

Match the Following Terms with Their Definitions

Question 49

Multiple Choice

Match the following terms with their definitions.
-Maturity value


A) Number of days bank will wait for its money in the discount process
B) Cash paid on due date
C) The principal
D) Maturity value minus bank discount
E) A written promise
F) Bank deducts interest in advance
G) Signs the note
H) Rate bank charges in the discounting process
I) True rate of interest
J) Due date
K) Ability to borrow quickly
L) Amount bank charges in the discounting process
M) Maturity value greater than original note

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents