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.

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Definitions:

Taxes

Compulsory financial charges or levies imposed by a government on individuals or entities to fund public expenditures.

Government Spending

The total amount of public expenditures by the government, including spending on healthcare, education, infrastructure, and defense.

Pessimism

A tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.

Feedback

Information returned to a person or system about the effects or outcomes of an action or decision, used for adjustment and improvement.