TEST CODE: Question 1: Are following statements TRUE or FALSE? Give brief explanation 3 points in total, each weight 0.75 point) 1.1. The lemon problems in the used car markets can be a good example of how we free with assymetric information 1.2. When the yield curve has mound shape, the short term interest rates is expected to rise in the future 1.3. Assume that you borrow S2000 at 10% annual interest to finance a new business project. For this loan to be profitable, the minimum amount this project must generate in annual cimings is $199. 14. Commercial banks play an important role in the initial public offering of a fimm as they acts as underwriters