Which of the Following Statements Is FALSE

question 44

Multiple Choice

Which of the following statements is FALSE?

• A)Regardless of the loan structure,the bank may include a compensating balance requirement in the loan agreement that reduces the usable loan proceeds.
• B)Another common type of fee is a loan origination fee,which a bank charges to cover credit checks and legal fees.
• C)Firms frequently use lines of credit to finance seasonal needs.
• D)The commitment fee associated with a committed line of credit is designed to decrease the effective cost of the loan to the firm.

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Definitions:

Infectious Diseases

Illnesses caused by pathogens such as bacteria, viruses, fungi, or parasites, which can be transmitted from person to person, animals, or the environment.

Chronic Diseases

Long-lasting medical conditions that are generally progressive and can be controlled but not cured, such as heart disease, diabetes, and arthritis.

Time Frames

Specific periods or intervals during which certain activities are carried out or events occur.

Illnesses

A state in which a person suffers from a disease or health condition.