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Match the following terms with their definitions Chicoed 1 Amount bank charges in the discounting process 2 Rate bank charges in the discounting process 3.
Match the following terms with their definitions Chicoed 1 Amount bank charges in the discounting process 2 Rate bank charges in the discounting process 3. Number of days bank will wait for its money in the discount process 4. True rate of interest 5. The principal 6. Maturity value greater than original note 7. Ability to borrow quickly 8 Signs the note 9. Due date 10 Cash paid on due date 11. Maturity value minus bank discount 12 A written promise 13. Bank dducts interest in advance Match the following terms with their definitions. Bank discount Bank discount rate Discount period Slapped neffective rate eBook 1 Amount bank charges in the discounting process 2 Rate bank charges in the discounting process 3. Number of days bank will wait for its money in the discount process 4. True rate of interest 5. The principal 6. Maturity value greater than original note 7. Ability to borrow quickly 8. Signs the note 9 Due date 10. Cash paid on due date 11. Maturity value minus bank discount 12. A written promise 13. Bank deducts interest in advance Bank discount Bank discount rate Discount period Effective rate
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