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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Financial Markets And Institutions

ISBN: 9781259919718

7th Edition

Authors: Anthony Saunders, Marcia Cornett

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