For each of the statement below, assess whether the statement is TRUE, FALSE or UNCLEAR. Provide an explanation /illustration of why this is the case. Without an explanation or with an explanation that is off topic, you will receive 0 mark.

(a) The new legislation & regulation on Short selling has increased the list of the types of short sales that are authorized.

(3 marks)

(b) Closed-end funds are not considered to be ETFs, even though they are funds and are traded on an exchange." (Wikipedia)

(3 marks)

(c) Consider the net effect on bank's equity of the combined purchase and later resale of available-for sale securities. The net effect is the same whether we use mark-to-market or not.

(3 marks)

(d) Basel III regulation measures risk in a more precise way than Basel II.

(3 marks)