Final answer:
Privacy mode is not limited to hiding financial information only on the Dashboard; it serves to obscure sensitive data across various parts of an application to prevent it from being seen by unauthorized viewers.
Step-by-step explanation:
The statement 'Privacy mode hides financial information only on the Dashboard' is false. Privacy mode is typically a feature found within various financial software or applications that, when enabled, hides or obscures sensitive financial information across different sections of the application, not just the dashboard. This mode is designed to protect financial information from being seen by others who might have temporary access to the user's screen or account. It is usually a user-controlled setting that can be turned on and off according to the user's privacy requirements. Depending on the application, privacy mode can mask account balances, transaction details, and other personal financial data, beyond just the dashboard view.