Multiple Choice
Match the terms with the definitions.
-A note with an explicit interest rate stated on the face of the note.
A) term of the note
B) accrued interest on notes receivable
C) bank discount (note payable)
D) bank discount (note receivable)
E) contingent liability
F) rate of interest
G) discounting (note payable)
H) payee
I) notes receivable register
J) non-interest-bearing note
K) interest-bearing note
Correct Answer:

Verified
Correct Answer:
Verified
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