menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Managerial Finance
  4. Exam
    Exam 16: Current Liabilities Management
  5. Question
    A Discount Loan Is a Loan on Which Interest Is
Solved

A Discount Loan Is a Loan on Which Interest Is

Question 61

Question 61

True/False

A discount loan is a loan on which interest is paid in advance by deducting it from the loan so that the borrower actually receives less money than is requested.

Correct Answer:

verifed

Verified

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

Related Questions

Q56: The interest rate on a line of

Q57: The security agreement is an agreement between

Q58: For firms that are in a financial

Q59: XYZ Corporation borrowed $100,000 for six months

Q60: The major attraction of a line of

Q62: A firm is offered credit terms of

Q63: Bessey Aviation has just sold an issue

Q64: Aunt Tilly's Feeds, Inc. is considering obtaining

Q65: Tangshan Mining borrowed $100,000 for one year

Q66: A firm arranged for a 120-day bank

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