A $5,000, 12% Note Is Dated April 10 and Is

question 72

Multiple Choice

A $5,000, 12% note is dated April 10 and is due in 90 days. The due date would be

• A) June 9.
• B) June 10.
• C) July 9.
• D) July 10.

---

Definitions:

Consumption

The use of goods and services by households, constituting one of the primary components of GDP and a fundamental concept in economics signifying final consumption.

Salience

The quality of being particularly noticeable or important; prominence.

Demand

The desire and ability of consumers to purchase goods and services at a given price.

Elastic

Describes a situation in economics where the demand for or supply of a good is sensitive to changes in price, meaning a small change in price leads to a significant change in quantity demanded or supplied.