On July 7,A-1 Credit Union Loaned $500,000 to Bridal Retail

question 36

Multiple Choice

On July 7,A-1 Credit Union loaned $500,000 to Bridal Retail Shop on a 90 day,4% note.What is the maturity date of the note?

• A) October 7
• B) October 5
• C) October 6
• D) October 8

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Definitions:

Lord Dunmore

Lord Dunmore, also known as John Murray, was a British colonial governor who issued a proclamation in 1775 offering freedom to enslaved Africans who joined the British forces against the American revolutionaries.

Southerners

Refers to inhabitants of the Southern United States, historically associated with specific cultural, social, and economic traits.

Thomas Paine

An influential English-born writer and philosopher known for his works "Common Sense" and "The American Crisis," which advocated for American independence.