Which of the Below Statements Is TRUE

question 49

Multiple Choice

Which of the below statements is TRUE?

• A) The Small Business Association (SBA) is not an agency of the U.S. government empowered to guarantee loans made by approved SBA lenders to qualified borrowers.
• B) Most SBA loans make monthly payments consisting only of interest payments.
• C) Student loans are made to cover college costs (undergraduate, graduate, and professional programs such as medical and law school) and tuition for a wide range of vocational and trade schools.
• D) The cash flow for senior citizen loans involve three periods with respect to the borrower's payments: deferment period, grace period, and loan repayment period.

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Definitions:

Auto Insurance

A type of insurance policy that provides financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.

Misrepresentation Lawsuits

Legal actions brought against a person or entity for intentionally providing false statements or information.

Win-Win Situations

Scenarios in negotiations or agreements where all parties involved achieve their objectives satisfactorily.

Educates Customers

Providing information or guidance to consumers to help them make informed decisions about products or services.