The number of days a bank holds a discounted note is called the:
A) term
B) discount period
C) time
D) none of these

Name: The number of days a bank holds a discounted note is called the: A) term B) discount period C) time D) none of these
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The number of days a bank holds a discounted note is called the discount period. The term refers to the length of time of the loan, not specifically to the discount. "Time" is too general and doesn't specifically refer to the holding period of the discounted note.

The Number of Days a Bank Holds a Discounted Note