True/ False Statement based Questions: 1. The lender is actually deducting the amount of interest directly from the loan

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True/ False Statement based Questions:
1. The lender is actually deducting the amount of interest
directly from the loan amount and giving the borrower the rest of
the loan money, which is called the proceeds.
2. A treasury bill (T-Bill) is a long-term debt obligation.
3. When a lender collects the interest due from the borrower up
front, and at the time the loan amount is finalized, that interest
paid is called the discount (D).