Match Each Term with a Statement Below

question 43

Multiple Choice

Match each term with a statement below.

-Arranging records from highest to lowest value within a field

• A)physical order
• B)ascending order
• C)table
• D)mean
• E)descending order
• F)logical order
• G)sequential order
• H)a list of instructions that accomplish a task
• I)median
• J)addresses

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Definitions:

Discounted Note

A note receivable or payable that is issued at a discount to its face value and upon which interest reflects the difference between the face value and the issued price.

Discounted Note

A promissory note issued at a price lower than its face value, with the distinction being the interest earned by the lender.

Discount Rate

The interest rate charged to commercial banks and other depository institutions on loans they receive from the Federal Reserve's discount window.

Note Payable

A written promise to pay a specific amount to a party on a certain date or on demand. It is a liability in the books of the borrower.