TRUE/FALSE ON THE FINANCIAL CRISIS

1: CMOs and CDOs were difficult to sell to investors beginning as early as 2007. T/F

2: Bear Stearns was an independent investment bank with access to the Federal Reserve Discount Window. T/F

3: Deposit insurance offered by the FDIC increased from $100,000 to $250,000 during the crisis to calm the fears of depositors nation-wide and to mitigate the possibility of more bank runs. T/F