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Match the Terms with the Definitions

Question 75

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:

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