Which of the Below Statements Is FALSE

question 44

Multiple Choice

Which of the below statements is FALSE?

• A) Interest income and fee income are generated from mortgage lending and credit card financing.
• B) Fee income is generated from brokerage services and financial investment services.
• C) Loans to nonfinancial corporations, financial corporations, (such as life insurance companies), and government entities (state and local governments in the United States and foreign governments) fall into the category of institutional banking.
• D) Loans and leasing generate dividend income, and other services that banks offer institutional customers generate fee income.

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Definitions:

Preponderance of the Evidence

A standard of proof in civil cases, where the party with the more convincing evidence wins, requiring over 50% of the evidence to be in favor.

Negligence Action

A legal claim made against someone who is alleged to have failed to act with the care that a reasonably prudent person would have in a similar situation, resulting in harm.

Res Ipsa Loquitur

A legal doctrine which allows plaintiffs to prove negligence on the basis of the very nature of an accident or injury occurring, suggesting the defendant's responsibility even without direct evidence of negligence.

Overpressurized

A state where pressure in a system exceeds its designed limits, potentially leading to failure or hazard.