A promissory note: Select one: a. Is a short-term investment for the maker. b. Is another name for an installment receivable. c. Cannot be used in payment of an account receivable. d. Is a written promise to pay a specified amount of money at a certain date. e. Is a liability to the payee

Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.