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Question
Which of the following is true about reverse repurchase agreements?
A. They are securities purchased under agreements to resell.
B. They account for less than 5 percent of assets of broker-dealers.
C. They amount to 40.8 percent of total liabilities and equity of broker-dealers.
D. They are treated as liabilities.
E. They are securities temporarily lent in exchange for cash received.
Answer
This answer is hidden. It contains 1 characters.
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