Section: Critical Reading Section 1

16) View Additional Information

It is untrue that

1. one bank may consider a loan of $XXX short-term while another bank considers it medium-term.
2. there has been a rise in the medium-term range interest rates.
3. short-term loans may exceed three months.
4. the interest rate has gone up with the short-term loan more so then with the long-term loan.
5. the number of prime-rate loans decreases when available funds for short.