Which One of the Following Statements Is NOT True About

question 45

Multiple Choice

Which one of the following statements is NOT true about amortisation?

• A) Amortisation refers to the way the borrowed amount (principal) is paid down over the life of the loan.
• B) With an amortised loan, each loan payment contains some payment of principal and an interest payment.
• C) With an amortised loan, a smaller proportion of each month's payment goes toward interest in the early periods.
• D) A loan amortisation schedule is just a table that shows the loan balance at the beginning and end of each period, the payment made during that period, and how much of that payment represents interest and how much represents repayment of principal.

Distinguish between different types of items in bank processing.

Identify the conditions under which a check is considered stale and the impact of presentation timing.

Discuss the factors affecting the negotiability and enforcement of written promises and assignments.

Understand the difference between a cashier's check and a certified check.

---

Definitions:

Creative People

Individuals who possess the ability to produce new and original ideas, solutions, or artistic expressions.

Mental Imagery

A cognitive process where an individual visualizes or simulates a perception or experience in their mind in the absence of external stimuli.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, proposing that intelligence is not a single entity but a collection of different cognitive abilities.

Multiple Intelligences

A theory proposed by Howard Gardner, suggesting that individuals possess a variety of distinct types of intelligence, not just a single general intelligence.