17.Which of the following is NOT a bank liability? Select one: a. Investment securities owned by the bank b. Transaction accounts offered by the bank c. Term deposits offered by the bank d. Funds borrowed by the bank

16.An importer who must pay yen in 60 days may hedge the foreign exchange risk: Select one: a. in the forward market. b. in the spot market today. c. in the spot market 60 days from now. d. all of the choices mentioned

15.Banks became increasingly involved in the securitisation of loans in the 1980s and 1990s because securitisation: Select one: a. provides a use of funds that pays more interests than others. b. allows banks to buy some loans from other banks. c. allows banks to reduce the amount of risky assets, and therefore to reduce capital requirements. d. allows banks to generate interests from the securitisation process.