Which of the Following Is False

Multiple Choice

Which of the following is false?

A) In 2007-2008, banks were experiencing extreme stress due to the financial crisis and downturn in the economy.
B) The banking industry today is very different from what it was 20 years ago in terms of the number and size of banks.
C) The interest rate on adjustable (variable) rate loans is adjusted up or down as a bank's cost of funds rises or falls.
D) Only a small portion of a bank's liabilities are payable on demand.