Solved

Which of the Following Statements Is FALSE

Question 40

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents