True/ False Statement based Questions: 1. The lender is actually deducting the amount of interest directly from the loan
Posted: Mon Apr 25, 2022 8:35 am
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).
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).