Consider the Following Scenario When Answering the Questions That Follow

question 14

Multiple Choice

Consider the following scenario when answering the questions that follow.
Your friend Carson is starting a new photography business that specializes in photographs of Central Park in New York City. Because his business is new and risky, he is unable to obtain a loan from the local bank. On June 21, 2013, you agree to pay a price of $4,000 for a bond from Carson. You will receive $5,000 in return on June 21, 2014.
-In the scenario,the date June 21,2014,is known as the:

• A) par value.
• B) maturity date.
• C) real value.
• D) ending value.
• E) nominal value.

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Definitions:

Written Contracts

Legally binding agreements documented in writing, detailing the terms and conditions mutually agreed upon by the parties involved.

Being Polite

The act of showing social manners and respect towards others through courteous behavior and language.

Having Family Ties

The connections and relationships among family members that can influence social, economic, and business dealings.

Low-Context And Individualistic

Pertains to cultures where communication is explicit, relationships are less emphasized, and individual achievement and autonomy are highly valued.