1. To raise money through a repurchase agreement what does a bank need to have?

		A. Marketable securities
		B. Adequate equity capital
		C. Savings accounts

2. The federal funds market is best described as:

		A. a market for U. S. Treasury securities.
		B. a market for interbank borrowing and lending.

3. As of Dec 2019 the market cap of Bank of America was:

		A. less than the book value of equity.
		B. greater than the book value of equity.