Which of the Following Statements with Regards to Fixed-Rate Term

question 36

Multiple Choice

Which of the following statements with regards to fixed-rate term loans is false?

• A)The term of the loan can be up to 25 years for non-rural loans.
• B)The loan can be on an interest-only basis for up to five years.
• C)It can be repaid early without penalty.
• D)The term of the loan can be up to 25 years for non-rural loans and it can be repaid early without penalty.

---

Definitions:

Report

A document or statement that formally presents information, often used to convey research findings, project status, or business analysis.

Metadata

Information that describes other data, providing context or additional details about a file, document, or dataset.

File's Author

The person who created or is primarily responsible for the content of a file.

Relational Database

A type of database that organizes data into tables which can be linked—or related—based on data common to each.