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:

Triage

The process of determining the priority of patients' treatments based on the severity of their condition, used in emergency situations to maximize the number of survivors.

Disaster Intervention

Actions taken to mitigate the impact of a disaster on affected communities, including relief and recovery efforts.

Severity

The intensity or seriousness of an event, condition, or situation.

Permanency Planning

A process in social work aimed at ensuring children in foster care or the welfare system have a stable, long-lasting living situation, ideally leading to a permanent home.