State whether the following statements are true or false. You do NOT need to provide a justification.

a$)$ In the financial market, interest rates are the same irrespective of investment terms. $($True $/$ False$)$

b$)$ Consider an interest rate on commercial loans determined by supply and demand. If more companies

want to borrow money today, the rate would rise. $($True $/$ False$)$

c$)$ Consider the $1-$year interest rate on the risk$-$free bond issued by the U$.$S$.$ Treasury. The interest rate may

change from time to time. $($True $/$ False$)$