A bank's balance sheet equates the value of total assets to the sum of total liabilities and equity capital. (T/F)

Negotiable certificates of deposit (CDs) do not have an active secondary market. (T/F)

In a bankruptcy situation, the Federal Reserve acts as the liquidator of the bank. (T/F)

International expansion for financial institutions coming from highly integrated countries maximizes the risk diversification. (T/F)

The financial crisis of 2008, demonstrated that activities such as trading in financial futures and interest-rate swaps have low risk. (T/F)