Which of the Following Statements Is False

question 28

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.

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Definitions:

Social Classes

Categories of people in a society who share similar positions in terms of wealth, education, job status, and power.

Social Status

A person's standing or rank in society, which can be determined by wealth, occupation, education, or family lineage, among other factors.

Early Civilizations

The first advanced and complex societies that developed writing, monumental architecture, and centralized administration, among other characteristics.

Archaeologists

Specialists engaged in the study of human history and prehistory through the excavation of sites and the analysis of artifacts and other physical remains.