Which of the Following Statements Is False

Which of the following statements is false?

A) During the past couple of decades,generally high fixed-rate mortgage loan interest rates and the desire to extend housing ownership to more individuals in the U.S. ,the use of adjustable-rate mortgages grew in usage.
B) An adjustable-rate mortgage (ARM) has an interest rate that changes or varies over time with market-determined interest rates on a U.S.treasury bill or other debt security.
C) The interest rate on an ARM is often adjusted annually to reflect changes in Treasury bill rates (or other interest rate benchmark) .
D) Lenders typically offer ARMs with variable interest rates for one year with a provision to switch to a fixed-rate mortgage after two years.
E) all of the above statements are true