Which of the Following Statements Is Not True

question 15

Multiple Choice

Which of the following statements is not true?

• A) The largest source of funds for banks to lend comes from the owner's capital.
• B) Transaction deposits make up less than 10 percent of banks sources of funds.
• C) The largest sources of funds for banks are non-transactions accounts.
• D) Borrowing is a larger source of funds for banks than transaction deposits.

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Definitions:

Testamentary Capacity

The minimum age required to write a legal will and be of sound mind.

Testamentary Capacity

The legal and mental ability of an individual to make or alter a valid will.

Holographic Will

A will entirely handwritten, dated, and signed by the testator, sometimes acceptable without witnesses in some jurisdictions.

Testator

A person who writes a will.