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Question
On Fedwire, daylight overdraft
A. is a bank's positive intraday balance in its reserve account at the Fed.
B. does not occur under the current payments system.
C. invites a fee is 50 basis points, quoted as an annual rate on the basis of a 24-hour day.
D. has a seasonal component.
E. is not a potential source of instability in the financial markets.
Answer
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Related questions
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A. has publicly-traded common stock.
B. provides equity funds to companies that already have publicly traded common stock.
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