A(n)________ Is a Person Who Signs an Instrument to Restrict

question 44

Multiple Choice

A(n) ________ is a person who signs an instrument to restrict payment of it,negotiate it,or incur liability.

• A)maker
• B)acceptor
• C)drawer
• D)endorser
• E)promisor

---

Definitions:

Initial Principal

The original sum of money borrowed in a loan or invested, before any interest or profit is added.

Reinvested

The act of using dividends, interest, or any form of returns to purchase additional shares or assets rather than taking cash.

Present Value

The current financial evaluation of receiving a sum of money or series of payments in the future, discounted by a pre-determined return rate.

Discount Rate

The interest rate used to discount future cash flows to their present value, often used in capital budgeting.