Match the Terms with the Definitions

question 77

Multiple Choice

Match the terms with the definitions.
-Transferring a note receivable to the bank for cash.

• A)accrued interest on notes payable
• B)time
• C)proceeds (note receivable)
• D)principal of the note
• E)notes payable register
• F)credit advice
• G)maturity value
• H)discounting a note receivable
• I)dishonored
• J)effective rate
• K)promissory note
• L)maker

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Definitions:

South African Rand

The South African Rand is the official currency of South Africa, represented by the symbol ZAR.

Dell P.C.

Dell P.C. refers to personal computers manufactured by Dell Inc., an American multinational computer technology company known for developing, selling, repairing, and supporting computers and related products and services.

Comparative Advantage

Total output is greatest when each product is made by the country that has the lowest opportunity cost.

Free Trade

The absence of artificial (government) barriers to trade among individuals and firms in different nations.