(10 points, 5 points each) True or False. State whether the last sentence is true or false. No explanations are necessary; the grade will be based on the answer only. (a) LIBOR rates are typically lower than T-bill rates because LIBOR reflects the credit risk in the interbank market. (b) Because floating rate notes are sensitive to interest rate risk both through the discount rate channel and the cash flow channel, they are very sensitive to interest rate risk