Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) The process of channeling savings into investment through the use of a financial institution or intermediary results in the creation of one type of financial asset and one type of financial liability.
B) During the early years of the history of the United States, foreigners purchased significant volumes of federal government securities.
C) The single most important use of funds raised in the credit markets is by the household sector.
D) The U.S. government borrows more than state and local governments combined.