Which of the following is FALSE concerning the great maritime empire of Carthage, which stretched along the northern coast of Africa from modern$-$day Tunisia through the Straits of Gibraltar and into modern Spain, at the dawn of the Punic Wars $(264-146$ BCE$)?$

It had the largest and most effective navy of its day.

It commanded the vast resources of commercial networks that reached as far north as Britain and deep into Egypt.

Carthage had a professional standing army that was bankrolled by the enormous profits of its merchants.

It was far older and much wealthier than Rome