Accounting MCQ Current Liabilities and Contingencies The rate of interest printed on the face of a note payable is called the:

The rate of interest printed on the face of a note payable is called the:

Naim 08:14 Current Liabilities and Contingencies

The rate of interest printed on the face of a note payable is called the:

A. Yield rate.
B. Effective rate.
C. Market rate.
D. Stated rate.

Answer: D

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