True or false:

1- The primary difficulty in arranging a syndicated loan is having all of the various lending and borrowing parties reach agreement on terms, rates, and collateral.

2-Usury ceilings are maximum rates imposed by federal legislation that FIs can charge on consumer and mortgage debt.

3-LIBOR, the London Interbank Offered Rate, is the rate for short-term interbank dollar loans in the domestic money-center bank market.