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Question
The sum due is also called as ______.
Options
Face value
Present value
Cash value
True discount
MCQ
Fill in the Blanks
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Solution
The sum due is also called as face value.
Explanation:
Which represents the total amount stated on a financial instrument (such as a bill of exchange, promissory note, or bond) that must be paid at maturity. It is the principal amount plus interest, distinct from the present value.
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