1.

For banks that are asset sensitive, margin change follows in the opposite direction of rates:

True

False 2.

Current Expected Credit Loss ("CECL") accounting requires only accruing losses incurred as of the date of financial reporting:

True

False 3.

The FASB believes CECL provides users with more useful/relevant information:

True

False 4.

By its very nature, a probable incurred loss model will have higher loss reserves recorded at loan inception as compared to a life-of-loan (CECL) model:

True

False 5.

CECL methodology allows a lender to segment its portfolio in different ways to better estimate losses:

True

False