Match the Following Terms with Their Definitions

question 10

Multiple Choice

Match the following terms with their definitions.
-Interest-bearing note

• 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:

Group

A collection of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity.

Figure-Ground Relationships

A visual perception principle stating that people instinctively perceive objects (figures) as either being in the foreground or background.

Objects

Items, entities, or physical things that can be perceived or manipulated.

Continuity

The state or quality of being continuous; an uninterrupted duration or extension in time, space, or sequence.