Which of the Following Statements About Chartered Banks Is False

question 2

Multiple Choice

Which of the following statements about chartered banks is false?

• A) A chartered bank is privately owned.
• B) A chartered bank is profit-seeking.
• C) Chartered banks are the main source of short-term loans for businesses.
• D) A chartered bank is required to use funds obtained from savers to purchase portfolios of government bonds.
• E) A chartered bank serves individuals, non-business organizations, and businesses as a financial intermediary.

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Definitions:

Refractory Period

A phase immediately following stimulation during which a nerve or muscle is unresponsive to further stimulation.

Resolution Phase

The final stage of the sexual response cycle, characterized by a return to the physiological state before arousal.

Plateau Phase

In sexual response, the stage characterized by intense pleasure just before orgasm, where sexual excitement is maintained at a high but stable level.

Excitement Phase

The initial phase of the sexual response cycle, characterized by increased arousal and physiological changes in preparation for sexual activity.