DIs could hold highly liquid interest-bearing assets such as T-bills, but they are still less liquid than
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DIs could hold highly liquid interest-bearing assets such as T-bills, but they are still less liquid than cash, and immediate liquidation may result in some small capital value losses and transaction costs.
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Related Book For
Financial Markets And Institutions
ISBN: 9781259919718
7th Edition
Authors: Anthony Saunders, Marcia Cornett
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