On August 14,Second Street Bank Lent $260,000 to City Restaurant

question 92

Multiple Choice

On August 14,Second Street Bank lent $260,000 to City Restaurant on a 75 day,4% note.What is the maturity date of the note?

• A) Oct. 27
• B) Oct. 28
• C) Oct. 29
• D) Oct. 30

---

Definitions:

Senior Citizens

Individuals typically aged 65 and over who may qualify for certain benefits and considerations due to their age.

Bus Service

A form of public transportation that operates with a set schedule and route, providing transportation services to passengers.

More Elastic

Describes a demand or supply curve that shows a greater sensitivity to changes in price; a small change in price results in a larger change in quantity demanded or supplied.

Consumer Price

The price that end-users or consumers pay for goods or services, including taxes and distribution expenses.