Question 1: Are following statements TRUE or FALSE? Give brief explanations (4 points in total, each weight 1 point). 1.1. CL0 3.3 Banks eam profits by selling securities with attractive combinations of liquidity, risk, and return, and using the proceeds to buy assets with a different set of characteristics. W 1.2. CL0 2,4 Buying shares in a mutual fund can be an example for indirect finance. 1.3. CL0 2.1 The demand for gold increases, other things equal, when interest rates are expected to fall. 1.4. CLO 1.1 Compared to an economy that uses a medium of exchange, in a barter economy, transaction costs are higher