Which of the following statement is correct?

Group of answer choices

A discount loan is a type of loan with terms that the loan has no interest to be deducted from the loan proceeds at the time the loan is granted.

All the answers are incorrect.

With the inventory financing, lenders often add loan terms to protect against problems such as fluctuating accounts receivable and overvalued or depleted inventory.

The cost of a loan is normally measured by multiplying the amount paid to obtain the loan by the amount the borrower gets to use during the life of the loan.

With the accounts receivable financing, another procedure to control pledged accounts receivable is to use a public warehouse where the receivables cannot be removed and sold without permission of the lender.