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:

Corpus Callosum

A large bundle of nerve fibers that connects the left and right hemispheres of the brain, facilitating interhemispheric communication.

Parkinson Disease

Parkinson's Disease is a progressive neurological disorder that affects movement, causing symptoms such as tremors, stiffness, and slowing of motion due to a loss of dopamine-producing neurons.

Epilepsy

A neurological disorder marked by recurrent, unprovoked seizures due to abnormal brain activity.

Medial Left Temporal

Refers to a region in the left temporal lobe of the brain that is important for processing memory and language.