The Face Amount of a Note That Is Promised to Be

question 55

Multiple Choice

The face amount of a note that is promised to be paid at maturity is called the

• A) rate of interest.
• B) principal of the note.
• C) time of the note.
• D) discount of the note.

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Definitions:

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The characteristic of memory that permits the retrieval of planned actions or future intentions when the time comes.

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