Promissory Notes

Who is maker

• The person who signs the note

• The person who received the payment

• The person to whom the payment is to be made

• The person who lend the money

Who is Payee

• The person who signs the note

• The person who lend the money

• The person who borrow the money

• The issuer of the note

Face value is referring to the ___________.

• amount stated on the note

• amount of debt with interest

• amount received on the maturity date

• accumulated amount on due

A non-interest bearing note dated 25 September 2020 reads 'three months from date, I promise to pay RM 1,500 only for value received'.Find the maturity value of the note.

• RM1500

• RM1000

• RM500

• RM125

Who is the maker of the note

• BancZone, Inc

• Oliva Savala

Who is the payee of the note?

• BancZone,Inc

• Oliva Savala

What is the term of note

• 151 days

• 153 days

• 180 days

• 182 days

State the face value of the note

• 1

• 18

• 100

• 10,000

Find the maturity value of the note.

• RM10404.44

• RM10400

• RM10340

• RM10335.56

Find the interest of note

• RM335.56

• RM340

• RM400

• RM404.44