Different companies have different risk exposures, and their risk management approach is customized to the type of risk the company is exposed to. Consider the case of Trident Bank & Trust. Trident Bank & Trust (TB&T) is a large financial institution whose deposits and loans are received and made across seven states in the western United States. With deposits in excess of $1.5 billion, 1, 258 branch offices, and 1, 769 kiosks in shopping malls and grocery stores in the United States, along with correspondent and operational relationships with all the top-20 Asian and European banks, TB&T is considered to be one of the strongest financial institutions in the western United States. Ralph Thomas, TB&T's chief risk officer (CRO), has the responsibility of preparing and overseeing TB&T's risk management strategy and monitoring its implementation. In preparing for his presentation and question-and-answer session during the company's annual shareholders' meeting, his staff assembled the statements that appear in the following table. Help Mr. Thomas prepare for the meeting by indicating whether each of the following statements is true or false