The Face Value of a Note Refers to the Amount

question 110

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)at which the note receivable is recorded.
• D)remaining after a service charge has been deducted.

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Definitions:

Quantity

The amount or number of a material or immaterial good that can be measured or counted.

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A reduction in the cost of goods or services that can impact demand, supply, and economic equilibrium.

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A unit of measurement reflecting the number of cups (of a substance, typically a beverage like coffee or tea) consumed by an individual or population within a single day.