True or False

1. Lawsuit risk is one of the three major risks attitudes that prevail in our lives

2. During the financial crisis (or great recession) of 2007/2008, many mortgages, including subprime mortgages, were bundled into new instruments called mortgage-backed securities, which were guaranteed by U.S. government agencies such as Fannie Mae and Freddie Mac

3. We can attribute the 2007/2008 great recession to global warming and the market collapse in Greece and the collapse to financially risky behavior of a magnitude never before experienced

4. Risk management provides a framework for assessing opportunities for profit, as well as for gauging threats of loss

5. A “metric” is a system of related measures that helps us quantify characteristics or qualities.