Which of the following is used by governments for the convertibility of currencies in their countries?

If the market interest rate at the date of issuance of a bond exceeds the face interest rate, the present value of the face value plus the present value of all the future interest payments will equal an amount greater than the face value of the bond

a. true b. false

Which of the following is true of cash discount?

A) It increases bad debts because after availing discounts all customers may not pay. B) It decreases the investment in accounts receivable and increases the per unit profit. C) It helps to speed up collections without putting pressure on customers. D) It reduces sales because the customers feel that the products are of inferior quality.