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:

Detergent

Detergent is a cleaning substance designed to remove dirt, stains, and other contaminants from surfaces and fabrics through a chemical action that typically involves surfactants.

Split-Brain Surgery

A medical procedure that involves cutting the corpus callosum to treat severe epilepsy, leading to the separation of the brain's two hemispheres.

Left Hemisphere

The left side of the human brain, generally associated with analytical and logical thinking processes, including language, number skills, and reasoning.

Right Hand

The dominant hand for the majority of people, often associated with manual tasks and writing.