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Match the Terms with the Definitions

Question 21

Multiple Choice

Match the terms with the definitions.
-The months or days from the date of issue to the date of maturity.


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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