If a business receives a promissory note as payment for the sale of goods and in turn sells the note

rolpace88

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If a business receives a promissory note as payment for the sale of goods and in turn sells the note

If a business receives a promissory note as payment for the sale of goods and in turn sells the note to a bank, it is called discounting a note.
A) True
B) False

Textbook

Business Math

Edition: 10^th

Authors: Cleaves, Hobbs, Noble

Read 377 times

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rolpace88 Author

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8 years ago

Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.

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Million

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8 years ago

You're welcome. All I ask in return is a thumbs up!

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