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    College Accounting Study Set 5
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    Exam 17: Accounting for Notes and Interest
  5. Question
    A Note on Which No Rate of Interest Is Specified
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A Note on Which No Rate of Interest Is Specified

Question 62

Question 62

Multiple Choice

A note on which no rate of interest is specified is a(n)


A) market-rate note.
B) interest-bearing note.
C) non-interest-bearing note.
D) variable note.

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