A financially strong firm is in a better position to retain loss exposures than is a firm in a weaker financial position.

The "law of requisite variety" means that _____

a. organisms must identify standard policies and procedures b. organisms must abide by a universal set of laws to survive c. organisms must be at least as complex as their environment to survive d. organisms must create a separate environment to survive

The discount rate is the interest rate banks are charged when they borrow money from the Fed

Indicate whether the statement is true or false