Match the Following Terms with Their Definitions

question 8

Multiple Choice

Match the following terms with their definitions.
-Face value

• A)Number of days bank will wait for its money in the discount process
• B)Cash paid on due date
• C)The principal
• D)Maturity value minus bank discount
• E)A written promise
• F)Bank deducts interest in advance
• G)Signs the note
• H)Rate bank charges in the discounting process
• I)True rate of interest
• J)Due date
• K)Ability to borrow quickly
• L)Amount bank charges in the discounting process
• M)Maturity value greater than original note

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Definitions:

Rote Rehearsal

A memorization technique that involves repeating information over and over to learn it.

Information

Data, knowledge, or facts received or given that can inform or guide decisions and actions.

Semantic Memory

A type of declarative memory that involves the recollection of facts, concepts, and knowledge about the external world that is not tied to personal experiences.

General Knowledge

A broad understanding and information across various domains that an individual acquires from education and daily experiences.