C1 - Critical writing For each of the statements below, assess whether the statement is...
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Finance
C1 - Critical writing
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). In 4 or 5 sentences for each statement, provide an explanation / illustration of why this is the case. Without an explanation or with an explanation that is off topic or with an explanation that shows serious confusion and misunderstanding, you will receive 0 marks, even if your conclusion was correct.
b) 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.
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