The face value of a noninterest-bearing note is the same as its maturity value.

Name: The face value of a noninterest-bearing note is the same as its maturity value.
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Quizplus · Accepted Answer

The face value of a noninterest-bearing note is the amount of money that the borrower promises to repay at the maturity date. Since the note does not accrue any interest over time, the face value is equal to the maturity value, which is the final amount due. Therefore, the statement is true.

The Face Value of a Noninterest-Bearing Note Is the Same