1. The Federal funds purchased & repurchase agreements of Washington Mutual Bank declined from 4.1% of assets to .09% of assets between 6/30/2007 and 6/30/2008. True or false
2. The difference between the Fed Funds rate and the three month treasury narrowed as investors began fearing that large banking institutions were likely to fail in the second and third quarters of 2008. The spread widened in the fourth quarter of 2008. True false