The dollar amount stated on a promissory note
A)Face amount
B)Term
C)Interest
D)Maturity value
E)Dishonored note
F)Maker
G)Notes receivable
H)Interest rate

Question

The dollar amount stated on a promissory noteA)Face amountB)TermC)InterestD)Maturity valueE)Dishonored noteF)MakerG)Notes receivableH)Interest rate

Jurnee Taylor · Accepted Answer

Final Answer : a, Explanation :  The face amount is the dollar amount stated on a promissory note.Answer: DMaturity value is the amount a promissory note is worth at the end of its term, including the face amount and any interest earned.Answer: EA dishonored note is a promissory note that has not been paid on its due date.Answer: FThe maker is the person or entity who signs a promissory note and agrees to pay back the money borrowed.Answer: GNotes receivable are written promises to receive money, often in the form of promissory notes.Answer: HThe interest rate is the percentage charged for borrowing money, typically stated as an annual percentage rate.Answer: BThe term is the length of time a promissory note is in effect before it becomes due.Answer: CInterest is a fee charged for borrowing money, typically stated as a percentage of the amount borrowed.

The dollar amount stated on a promissory note
A)Face amount
B)Term
C)Interest
D)Maturity value
E)Dishonored note
F)Maker
G)Notes receivable
H)Interest rate

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