T1 line bandwidth qustion Upstream downstream

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Does a full point to point T1 line transfer at 1.5 MBPS full duplex
transmit and receive simultaneosly?

So in other words can you transmit 1.5 MBps of traffic while you are
receiving 1.5 Mbps at the same time on a T1.

This guy at this service provider has told me that a T1 is 1.5mbps
shared between transmit and receive.  He said if I am sending 1000kbps
of data upsteam , i can only receive 500kbps of data downstream at the
same time.  Is this true of T1 tecnology?


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