Which of the Following Statements Is Incorrect

question 16

Multiple Choice

Which of the following statements is incorrect?

• A) The SBA can guarantee up to $750,000 at an interest rate not to exceed 2.75% more than the prime lending rate.
• B) The primary function of the SBA is to guarantee loans made to new and small businesses.
• C) For qualified new and small firms that are unable to obtain long-term financing on reasonable terms from banks or other financial institutions, the SBA offers a basic loan guarantee program.
• D) All of these statements are correct.

---

Definitions:

Immigration Policy

Government laws and regulations that govern who can enter the country, how long they can stay, and under what conditions.

United States

A federal republic in North America composed of 50 states, a federal district, five major self-governing territories, and various possessions.

Israeli

Refers to anything related to the country of Israel, including its people, culture, or language.

Spirituality

The quality of being concerned with the human spirit or soul as opposed to material or physical things; often involves personal beliefs and practices related to a sense of purpose or connection.