Which of the Following Statements Is FALSE

question 25

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 inter-bank market.

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Definitions:

Attention

The cognitive process of selectively concentrating on one aspect of the environment while ignoring others.

Gains

Benefits or improvements, often resulting from investment, effort, or development in various contexts.

Age

The length of time that an individual has lived or a thing has existed.

Wernicke's Area

A region of the brain that is important for language development and comprehension.