An Advantage of Promissory Notes Over Some Other Forms of Finance

question 53

Multiple Choice

An advantage of promissory notes over some other forms of finance is that:

• A)entities selling a promissory note incur a contingent liability and are marketable.
• B)they are marketable.
• C)entities selling a promissory note incur a contingent liability.
• D)they can be long-term as well as short-term.

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Definitions:

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain, vital for transmitting nerve signals between the brain and the body.

Central Nervous

The Central Nervous System (CNS) consists of the brain and spinal cord, playing a crucial role in controlling bodily functions and processing information.

Somatic Nervous

A component of the peripheral nervous system that controls voluntary movements of the body and transmits sensory and motor information to and from the central nervous system.

Peripheral Nervous

Part of the nervous system consisting of the nerves and ganglia outside of the brain and spinal cord, responsible for connecting the CNS to limbs and organs.