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An Instrument Does Not Have to Be Payable with Interest,but

Question 84

Multiple Choice

An instrument does not have to be payable with interest,but if it is,the amount of interest being charged may be expressed as either a ________ or a(n) ________ rate.


A) fixed; variable
B) prime; subprime
C) legal; equitable
D) par; non-par
E) commercial; non-commercial

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