Question

The face value of a promissory note is
a. the discounted value of the note.
b. the amount for which the note is written plus the interest due to the maturity date.
c. the amount for which the note is written.
d. its realizable value.

Answer 1

Answer: Option C - the amount for which the note is written.

Explanation:

A written promise to pay a specified amount of money on a specific date. Face value of a promissory note is the amount for which the note is written, also known as the

amount borrowed (principal)