The Face Value of a Note Refers to the Amount

question 201

Multiple Choice

The face value of a note refers to the amount

• A) that can be received if sold to a factor.
• B) borrowed plus interest received at maturity from the maker.
• C) that is identified on the formal instrument of credit.
• D) remaining after a service charge has been deducted.

---

Definitions:

Social Contract Stage

A concept in moral and political philosophy suggesting that people's moral and political obligations are dependent upon a contract or agreement among them to form the society in which they live.

Moral Development

The process through which individuals evolve their understanding of what is right and wrong, influenced by cultural, personal, and societal norms.

Highest Stage

The most advanced or developed level in a process, development, or hierarchical structure.

Universal Principles Stage

is a level in moral development theory where moral reasoning is based on abstract reasoning and principles of justice.