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Question 1 Payments on non-current liabilities that are paid monthly, quarterly, semi-annually, or at another defined period. Question 1 options: Interest Installments Bonds Coupons None of the above Question 2 An interest rate that is constant for the entire term of a debt Question 2 options: Fixed Floating Variable Either (b) or (c) None of the above Question 3 An interest rate that changes as the market rates change Question 3 options: Fixed Floating Variable Either (b) or (c) None of the above Question 4 A secured note uses ___________ as security for the loan Question 4 options: Bonds Liabilities Collateral Personal liability None of the above Question 5 __________________ principal payments are repayable in equal periodic principal amounts, plus interest Question 5 options: Fixed Blended Variable Floating None of the above Question 6 Each instalment payment on a non-current note is made up of: Question 6 options: Interest payment Reduction of principal Asset sales Both (a) and (b) Question 7 When using fixed principal payments the amount of principal reduction each month will Question 7 options: Increase Stay the same Decrease Either (a) or (b) None of the above Question 8 __________________ principal payments are repayable in equal periodic amounts that include the principal AND the interest Question 8 options: Fixed Blended Variable Floating None of the above Question 9 When using blended payments the amount of principal reduction each month will Question 9 options: Increase Stay the same Decrease Either (a) or (b) None of the above Question 10 When using blended payments the amount of interest each month will: Question 10 options: Increase Stay the same Decrease Either (a) or (b) None of the above Question 11 When using fixed payments the amount of interest each month will: Question 11 options: Increase Stay the same Decrease Either (a) or (b) None of the above Question 12 When using fixed payments the amount of the cash payment each month will Question 12 options: Increase Stay the same Decrease Either (a) or (b) None of the above Question 13 When using blended payments the amount of the cash payment each month will Question 13 options: Increase Stay the same Decrease Either (a) or (b) None of the above Question 14 Any principal reduction that is planned to occur in the next accounting period must be classified as a: Question 14 options: Current Liability Non-Current Liability Current Asset Non-Current Asset None of the above