Smart Contracts Do All of the Following Except

question 22

Multiple Choice

Smart contracts do all of the following except:

• A)Define terms.
• B)Define business rules.
• C)Define miners.
• D)Define transfer of assets.

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Definitions:

Interest Expense

An accounting item representing the charge for the use of borrowed funds, affecting an organization's net income.

Note Payable

A written promise to pay a specified sum of money, often bearing interest, at a future date.

Interest Payment

The amount paid at intervals by a borrower to a lender as compensation for the use of borrowed money.

Principal Payment

A payment towards the original amount of a loan, not including interest.