True or false

-Lehman had used Repo 105 transactions to remove $50 billion of inventory from its balance sheet for the quarter just ended (the second quarter, ending May 31), and returned the inventory to its

balance sheet approximately one quarter later:true or false

-Lehman had taken on too much risk without a corresponding ability to raise cash quickly. In 2008, it had more than enough assets to cover its debt. However, the assets were dilficult to sell. As a result,

Lehman Brothers couldn't sell them to raise sufficient funds. That cash flow problem is what led to its bankruptcy.:true or false

-Repo 105 is Lehman Brothers' name for an accounting manoeuvre that it used where a short-term repurchase agreement is classified as a sale.:true or false