Which of the Following Statements Is False

question 19

Multiple Choice

Which of the following statements is false?

• A) With a discount loan, the borrower is required to pay the interest at the end of the loan period.
• B) Bridge loans are often quoted as discount loans with fixed interest rates.
• C) A bridge loan is another type of short-term bank loan that is often used to "bridge the gap" until a firm can arrange for long-term financing.
• D) After a natural disaster, lenders may provide businesses with short-term loans to serve as bridges until they receive insurance payments or long-term disaster relief.

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Definitions:

Government Regulations

Laws and rules established by the government designed to control and guide the activities of businesses, individuals, and other organizations.

HIPAA

The Health Insurance Portability and Accountability Act, a U.S. law designed to protect patient health information privacy and security.

Medical Assisting Educational Review Board

An organization that evaluates and accredits medical assisting programs to ensure they meet specific educational standards.

Competency-Based Education

An educational approach that focuses on equipping students with specific skills and competencies, rather than time-based learning.