When a $10,000 Loan Is Paid Off, the Balance in the Bank

question 2

Multiple Choice

When a $10,000 loan is paid off, the balance in the Bank Loan liability account will be ____.

• A) $10,000
• B) $0
• C) the total interest paid on the loan
• D) $10,000 plus the interest paid

---

Definitions:

Military Public Affairs Officers

Dedicated professionals in the military responsible for managing communication between the military, the media, and the public.

Public Information Officers

Government or organization officials responsible for communicating information to the public and handling inquiries from the media and other organizations.

Duty-Bound

Feeling morally or legally obligated to act according to a particular set of rules or standards.

White House Press Secretary

The official spokesperson for the President of the United States, responsible for communicating the President's message to the public and the media.