"Bank managers should always seek the highest return possible on their assets." Is this statement true, false or uncertain? Explain your answer.

2. If the bank you own has no excess reserves and a sound customer comes in asking for a loan, should you automatically turn the customer down, explaining that you don't have any excess reserves to loan out? Why or why not? What options are available for you to provide the funds your customer needs?

3. "A country is always worse off when its currency is weak (falls in value)." Is the statement true, false or uncertain? Explain your answer.