1-The financial crisis of 2008, demonstrated that activities such as trading in financial futures and interest rates swaps have low risk. True or false?

2-Off balance sheet activities consist of issuing financial instruments such as various types of garantees and engaging in derivative trading to generate additional revenue. True or false?

3- State chartered bank -be members of the federal reserve system and and nationally chartered banks be members of the federal reserve system

A-must, may. B-must, must. C- may, may. D-may, must

4-An example of off balance sheet activities include: A- purchasing a futures contract B-borrowing from another bank C- lending money to a depositor D- all of these choices are correct