Which of the Following Is True

question 70

Multiple Choice

Which of the following is true?

• A)None of these
• B)Commercial banks are the only legal type of financial intermediary.
• C)Banks are prohibited by law from earning a profit.
• D)It is customary to pay a higher interest rate on a loan than you would receive on your savings account from the same bank.
• E)A bank earns a profit by lending at a lower rate than it pays its depositors.

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Definitions:

Political Orientation

An individual's predisposition towards certain political ideologies, philosophies, or specific political parties.

California Q-Set

A psychological assessment tool that uses a fixed set of descriptive items to evaluate personality traits.

Verbal Fluency

The ability to generate words rapidly, typically measured during cognitive testing as an aspect of executive functions or language abilities.

Q-Sort Procedure

A method used in psychology to study individual's viewpoints, personality, or attitudes by sorting a set of statements according to criteria on a scale.