Which of the Following Statements Is FALSE

question 25

Multiple Choice

Which of the following statements is FALSE?

• A)The prime rate is the rate banks charge other banks.
• B)With a variable interest rate,the terms of the loan may indicate that the rate will vary with some spread relative to a benchmark rate,such as the yield on one-year Treasury securities or the prime rate.
• C)With a discount loan,the borrower is required to pay the interest at the beginning of the loan period.
• D)A common benchmark rate is the London Inter-Bank Offered Rate,or LIBOR,which is the rate of interest at which banks borrow funds from each other in the London inter-bank market.

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Definitions:

Manufacturing-Based Quality

A perspective on quality that focuses on adherence to standards and specifications during the manufacturing process.

Assurance

In customer service, it refers to the confidence and trustworthiness demonstrated by a service provider, reassuring customers about the quality of the service or product.

Texas A&M

A public research university in College Station, Texas, known for its strong emphasis on agriculture, engineering, and military science.

L.L. Bean, Inc.

An American retailer recognized for its outdoor recreation merchandise and clothing, known for its customer service and satisfaction guarantee.