Which of the following actions would lessen the exchange rate risk a securities firm faces? Marshall Financial Inc. decides it wants to increase its global presence and creates subsidiaries in Germany, Japan, and Mexico Vertex Bancshares decides it wants to decrease its global presence and shuts down subsidiaries in France, England, and Poland. Life Essence Financial cuts down on its investment portfolio by selling off several types of debt securities, including mortgages, commercial paper, and low-rated corporate bonds. Wellspring Trust thinks it's been taking the opposite position of its customers way too often and begins acting more as an intermediary instead. Which of the following occurred during the credit crisis? Check all that apply. Many commercial banks were forced to convert to securities firms. Securities firms avoided exposure to mortgage defaults because they sold their mortgage holdings prior to the crisis. The Federal Reserve intervened to help securities firms in an attempt to reduce the adverse effects caused by systemic risk. Some large securities firms were either acquired by commercial banks or converted into bank holding companies