A discount bond is a bond in which its present value is greater than its face value. True False Question 2 The supply of loanable funds is a term describing the total net demand for financial capital by users. True False The Humphrey-Hawkins Act revised and supplemented the original reasons and goals of the Federal Reserve System. True False Question 4 Primary markets trade financial instruments once they are issued. True False Question 5 ERM recognizes the importance of managing the combined impact of the full spectrum of risks as an interrelated risk portfolio. True False