3. If more customers want to borrow funds at the prevailing interest rate, a financial institution can

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3. "If more customers want to borrow funds at the prevailing interest rate, a financial institution can increase its profits by raising interest rates on its loans." Is this statement true, false, or uncertain? Explain your answer.

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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