Reference no: EM133134134

For each of the statements below, assess whether the statement is TRUE (always correct),  FALSE (always wrong) or UNCLEAR (meaning correct under some circumstances, wrong under other circumstances to define). For each statement, provide an explanation / illustration of why this is the case. Your answers must be entirely in words with no balance sheet, no diagram and no equations. 

1. "Closed-end funds are not considered to be ETFs, even though they are (...) traded on an exchange". (Wikipedia)
2. When a bank buys and later resale available-for-sale securities, the net effect on the bank's equity is the same whether mark to market accounting standards apply or not.
3. Printing new notes changes the size and the composition of M0.