Which of the Following Statements Is False

question 27

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 interbank market.

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Definitions:

Periclean Athens

The period in Ancient Greek history during the leadership of Pericles, noted for its political democracy, cultural achievements, and building projects.

Augustus

Latin, “majestic” or “exalted.”

Monuments

Structures erected to commemorate a notable person, event, or concept; they serve as historic markers or artistic symbols.

Apotheosis

The elevation of a person or thing to divine status, or a perfect example or ultimate expression of a concept.