Which of the Following Statements Is FALSE

question 12

Multiple Choice

Which of the following statements is FALSE?

• A)Bank loans are typically initiated with a promissory note,which is a written statement that indicates the amount of the loan,the date payment is due,and the interest rate.
• B)The most straightforward type of bank loan is a single,end-of-period-payment loan.
• C)With a fixed interest rate,the specific rate that the bank will charge is stipulated at the time the loan is made.
• D)One of the primary sources of short-term financing,especially for small businesses,is the investment bank.

---

Definitions:

Federal Health Insurance

Government-provided health insurance schemes in countries, often covering a large part of the population or specific groups, such as seniors or low-income individuals.

Entitlement

A right to benefits specified especially by law or contract.

Unemployment Insurance

A government program that provides financial assistance to unemployed workers who meet certain eligibility requirements.

Policy Formulation

The process by which governments or organizations develop strategies and guidelines to address specific issues or achieve certain objectives.