= Assume that, on average, national banks engaged primarily in mortgage lending have their assets diversified in

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= Assume that, on average, national banks engaged primarily in mortgage lending have their assets diversified in the following proportions: 20 percent residential, 30 percent commercial, 20 percent international, and 30 percent mortgage-backed securities. A local bank has the following distribution of mortgage loans: 30 percent residential, 40 percent commercial, and 30 percent international. How does the local bank differ from national banks?

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