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Which of the following statements does not accurately identify a lesson worth remembering from the credit crisis of 2007-2009? A. Cash reserves, highly liquid securities, and cash flow are the only reliable sources of liquidity, especially in times of crisis. B. In the context of measuring portfolio liquidity risk, complex assets should be treated as illiquid investments. C. Organizations need to ensure that they properly account for the liquidity demands of collateral support agreements. D. Financial firms must always assume there will be an active market for its investment assets at all times. |