Match the following terms with their definitions.
-Interest-bearing note
A)Number of days bank will wait for its money in the discount process
B)Cash paid on due date
C)The principal
D)Maturity value minus bank discount
E)A written promise
F)Bank deducts interest in advance
G)Signs the note
H)Rate bank charges in the discounting process
I)True rate of interest
J)Due date
K)Ability to borrow quickly
L)Amount bank charges in the discounting process
M)Maturity value greater than original note

Question

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The Answer of Match the following terms with their definitions.
-Interest-bearing note
A)Number of days bank will wait for its money in the discount process
B)Cash paid on due date
C)The principal
D)Maturity value minus bank discount
E)A written promise
F)Bank deducts interest in advance
G)Signs the note
H)Rate bank charges in the discounting process
I)True rate of interest
J)Due date
K)Ability to borrow quickly
L)Amount bank charges in the discounting process
M)Maturity value greater than original note

Match the Following Terms with Their Definitions