Which of the Following Statements Is FALSE

question 12

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.