WorksheetsPromissory Notes
Total questions: 10
Worksheet time: 7mins
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
