Discounting a Future Amount of a Cash Receipt Will Determine

question 30

True/False

Discounting a future amount of a cash receipt will determine the present value of that receipt.

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Definitions:

Creditors

Individuals or institutions to whom money is owed by debtors or borrowers.

Credit-Reporting Agencies

Entities that collect and disseminate information about the credit history of individuals and businesses.

Fair Credit Reporting Act

A federal law designed to ensure the accuracy, fairness, and privacy of consumer information contained in the files of credit reporting agencies.

Regulation Z

A set of rules issued by the Federal Reserve Board of Governors to implement the provisions of the Truth-in-Lending Act.