According to this chapter: We can think of a banks liabilities as the sources of its funds,

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According to this chapter: “We can think of a bank’s liabilities as the sources of its funds, and we can think of a bank’s assets as the uses of its funds.” Briefly explain what this statement means.

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Money Banking And The Financial System

ISBN: 1801

3rd Edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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