Which of the Following Statements Is False

question 3

Multiple Choice

Which of the following statements is false?

• A) The interest rates that banks offer on investments or charge on loans depends on the horizon of the investment or loan.
• B) The Bank of Canada determines very short-term interest rates through its influence on the federal funds rate.
• C) The interest rates that are quoted by banks and other financial institutions are nominal interest rates.
• D) Fundamentally, interest rates are determined by the Bank of Canada.

---

Definitions:

Trichromatic Theory

The trichromatic theory of color vision posits that the human eye has three types of receptors sensitive to red, green, and blue light, which combine to produce the perception of all colors.

Cones

Photoreceptor cells in the retina of the eye that function best in relatively bright light and enable the perception of color.

Feature Detector Cells

Neurons in the brain that respond to specific characteristics of a visual stimulus, such as angles or movement.

Visual Cortex

The part of the cerebral cortex in the brain responsible for processing visual information received from the eyes.