Final answer:
Option B is incorrect because a cDNA library does not contain all DNA sequences of a species, but only those that are actively expressed and transcribed into mRNA.
Step-by-step explanation:
The statement that is NOT true regarding a cDNA library is B: It contains all of the DNA sequences of a species. A cDNA library is derived from messenger RNAs (mRNAs) present in a cell and represents only the genes that are actively being expressed at the time the library is created, not the entire genome. It is a collection of cloned DNA fragments translated into proteins and active within a cell, excluding introns and regulatory sequences found only in genomic DNA.