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:

Wright

The term "Wright" refers to a craftsman or maker in various trades, historically associated with construction or creation, such as in "wheelwright" or "shipwright."

Prairie Houses

Architectural style developed by Frank Lloyd Wright, characterized by low-pitched roofs, wide eaves, and a strong emphasis on horizontal lines, reflecting the flat, broad landscape of the American Midwest.

Fireplace

A structure within a home or building designed to contain a fire for heating and, in many cases, cooking.

Alexander Calder

An American sculptor known for inventing the mobile, a type of kinetic sculpture that moves with air currents.