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.

---

Definitions:

Sleep Disorder

A medical disorder of the sleep patterns of a person or animal, which can interfere with physical, mental, social, and emotional functioning.

Sleep Apnea

A sleep disorder marked by pauses in breathing or periods of shallow breathing during sleep, leading to disrupted sleep and other health issues.

Breathing While Asleep

The automatic process of respiration during sleep, which includes both inhaling and exhaling air to provide oxygen to the body and remove carbon dioxide.

Night Terrors

Intense episodes of fear that occur during deep, non-REM sleep, often resulting in screaming, thrashing, or panic in the affected person.