1. After Bear Stearns collapsed in the spring 2008, the FDIC insured the liabilities of all money market funds at $1 per share plus accrued interest. True or false?
2. In autumn 2007, Bear Stearns began to replace unsecured commercial paper with tri-party repo borrowing as a source of working capital. True or false?
3. Money market funds had broader exposure to AIG than to Lehman. These funds began to run from AIG after Lehman collapsed placing AIG in a liquidity crisis. True or false?