True, False, Uncertain with explanantion

11. Douglas Elliot included the options pricing approach of Biggs to measure pension underfunding in his survey because Elliot is sympathetic to political positions of the far left. 12. Tugkan Tuzun thinks that leveraged long ETFs pose a systemic risk similar to portfolio insurance, but leveraged short ETFs help reduce these risks by offering an opposite trading strategy.

13. Foreign exchange controls in China have the effect of making housing prices higher.

14. Deborah Lucas believes it is appropriate for the Federal government to bear a great deal of credit risk because the Congressional Budget Office has better credit models than the large banks.

15. Answer either (A) or (B), but not both: (A) David Scharfstein believes that when the government provides a low level of retirement benefits, it sets a bad example, which discourages savings and makes the financial sector smaller. (B) Jim Angel believes that T+2 settlement had an effect on Robinhood customers ability to trade Gamestop