When a borrower receives the face amount of a discounted note less interest, this amount is known as:

A) the note proceeds
B) the note discount
C) the note deferred interest
D) the note principal

B

Business

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When communicating with multilingual audiences, what effect do visual aids create in a document?

A) Visual aids can replace text and aid in communication. B) Visual aids can add color and lighten the look of the communication. C) Visual aids can be a distraction when the audience is focused on translation of text. D) Visual aids can lead to misunderstanding in the interpretation of the content. E) Visual aids can distract from the formatting of the document.

Business

Trusts were originally business arrangements in which owners of stocks in several companies placed their securities in the hands of ________, who controlled and managed the companies

A) stockholders B) trustees C) third party beneficiaries D) assignees

Business