Which of the Following Statements Is Correct

question 82

Multiple Choice

Which of the following statements is correct?

• A) There is no interest included in a zero-interest-bearing note.
• B) A long-term note's fair value and present value are always the same.
• C) All notes contain an interest element because of the time value of money.
• D) A note is signed by the payee in favour of the maker.

---

Definitions:

Black Lives Matter

Civil rights movement sparked by a series of incidents of police brutality and lethal force against people of color.

Police Practices

The methods, tactics, and procedures that law enforcement agencies use in order to maintain public order, prevent crime, and protect citizens.

Excessive Force

refers to the use of force by law enforcement or security personnel that exceeds what is necessary to manage a situation or effect an arrest.

Armed Black Men

Refers to African American males who have taken up arms, historically for various causes including self-defense or military service.