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Which of the following statements is false?
Business Loan
Financing that businesses seek and receive to help with expenses, growth, or other financial needs, typically from a banking institution or lender.
Fixed-rate Loan
A loan where the interest rate remains constant throughout the term of the loan, regardless of market fluctuations.
Variable-rate Loan
A loan where the interest rate can change over time, typically based on prevailing market interest rates or a benchmark index.
Term Insurance Policies
Life insurance policies that provide coverage at a fixed rate of payments for a limited period of time.
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