If a $6,000, One-Year, Non-Interest-Bearing Note Is Issued by a Borrower

question 35

Multiple Choice

If a $6,000, one-year, non-interest-bearing note is issued by a borrower, how much cash is received by the borrower?

• A)$6,000
• B)Less than $6,000
• C)More than $6,000
• D)Notes cannot be issued without an interest rate