When a Business Receives a Promissory Note as Payment for Goods

question 62

Multiple Choice

When a business receives a promissory note as payment for goods or services and in turn sells the note to a bank it is called:

• A) proceed advance
• B) discounting
• C) maturity value
• D) fraud

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Definitions:

Conditioned

The process of learning specific types of behavior or attitudes through repeated exposure to certain stimuli, leading to a consistent response.

Immune System

The body's defense mechanism against infections and diseases, consisting of organs, cells, tissues, and proteins that work together to combat harmful pathogens.

Sympathetic Nervous System

A division of the autonomic nervous system that mobilizes the body’s resources in emergency, stressful, and emotional situations.

Laboratory Research

Scientific investigations conducted in controlled environments to study biological, chemical, or physical processes.