Question 13 (2.5 points) When a bank loan is approved, the agreement is executed by signing a promissory note that specifies (1) the amount borrowed, (2) the interest rate, (3) the repayment schedule, (4) whether collateral, or security, is required, and (5) any other terms and conditions to which the bank and the borrower have agreed. A) True B) False C) Insufficient information is given