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Acc II Chapter 4 Vocabulary

Authored by Michael Cassidy

Other

11th - 12th Grade

Used 9+ times

Acc II Chapter 4 Vocabulary
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Written agreement to pay a certain amount. 

promissory note
interest-bearing note
draft
proceed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Due date

principal
maturity date
term
trade acceptance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount of interest in percentage.

principal
face value
interest rate
interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fee charged for use of money

term 
face value
interest-bearing note
interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Person to whom a note is payable

maker
draft
principal
payee

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount being borrowed

proceeds
interest-bearing note
principal
interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount of cash received when a business discounts a note. 

interest
proceeds
principal
maturity value

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