The requirement of a sum certain in money is fulfilled even though the interest rate changes at maturity.

Question

Quizplus · Accepted Answer

The requirement of a sum certain in money means that the principal amount is fixed and will be paid at maturity. Even if the interest rate changes during the term of the investment, the principal amount remains the same and is guaranteed to be paid at maturity. Therefore, the statement is true.

The Requirement of a Sum Certain in Money Is Fulfilled