menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Math
  4. Exam
    Exam 11: Simple Interest and Simple Discount
  5. Question
    If You Borrow Money from a Bank and Sign a Promissory
Solved

If You Borrow Money from a Bank and Sign a Promissory

Question 20

Question 20

True/False

If you borrow money from a bank and sign a promissory note, the bank is considered to be the payee.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: Simple interest applies when a loan is

Q16: Rate is the number of days, months,

Q17: A loan is dated June 9 and

Q18: How much interest will have to be

Q19: The term "ordinary interest" means a loan

Q21: If you borrow money from a bank

Q22: Ordinary interest using the exact time method

Q23: In a promissory note, the person borrowing

Q24: When a business sells a note to

Q25: The formula to find the rate is

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines