Match the Terms with the Definitions

question 4

Multiple Choice

Match the terms with the definitions.
-An interest fee that the bank charges for the time between the date of discounting and the due date of the note.

• A)term of the note
• B)accrued interest on notes receivable
• C)bank discount (note payable)
• D)bank discount (note receivable)
• E)contingent liability
• F)rate of interest
• G)discounting (note payable)
• H)payee
• I)notes receivable register
• J)non-interest-bearing note
• K)interest-bearing note

---

Definitions:

Nonindustrial Societies

Nonindustrial societies are communities that do not rely heavily on mechanized means of production, instead often depending on subsistence farming or hunter-gatherer methods, preserving traditional ways of life.

Industrial Societies

Societies characterized by a high level of industrialization, where manufacturing and large-scale industries dominate the economy.

Ecosystemic Collapse

A dramatic decline in an ecosystem's structure, function, and diversity, potentially leading to the loss of significant ecological services.

Seafaring Polynesians

Describes the maritime culture of the Polynesian people, known for their long-distance ocean voyaging and navigation skills.