When the Discount Method Is Used,the Borrower Actually Receives Less

question 130

True/False

When the discount method is used,the borrower actually receives less money than the amount of the loan.

---

Definitions:

Stack Of Cookbooks

A collection of culinary guide books piled together, often indicating a variety of recipes.

Blotches Of Sauce

Stains or spots of sauce that have been accidentally spilt or splashed.

Crusted Saucepan

A saucepan with a layer of dried substance on its surface, typically from cooking.

Ducktail Haircut

A hairstyle where hair is combed to the back and sides to resemble the rear end of a duck.