Suppose you go to your local bank intending to buy a certifi cate of deposit with your
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Suppose you go to your local bank intending to buy a certifi cate of deposit with your savings. Explain why you would not off er a loan, at an interest rate that is higher than the rate the bank pays on certifi cates of deposit (but lower than the rate the bank charges for car loans), to the next individual who enters the bank and applies for a car loan.
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Related Book For 
The Economics Of Money Banking And Financial Markets
ISBN: 978-0134376936
6th Canadian Edition
Authors: Frederic S Mishkin ,Apostolos Serletis
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