Which of the Following Statements Is FALSE

question 9

Multiple Choice

Which of the following statements is FALSE?

• A)With a discount loan,the borrower is required to pay the interest at the end of the loan period.
• B)Bridge loans are often quoted as discount loans with fixed interest rates.
• C)A bridge loan is another type of short-term bank loan that is often used to "bridge the gap" until a firm can arrange for long-term financing.
• D)After a natural disaster,lenders may provide businesses with short-term loans to serve as bridges until they receive insurance payments or long-term disaster relief.

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Definitions:

Georgia

A state located in the southeastern region of the United States known for its diverse landscapes from mountains to beaches, and its rich history and cultural heritage.

Second Seminole War

A conflict from 1835 to 1842 in Florida between the United States and the Seminole Native American tribe, marking the longest and most costly of the Indian Wars in American history.

Seminoles

A Native American people originally from Florida, known for their resistance against US forces in the Seminole Wars.