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19. Financial institutions institutions) reasons. (2 Points) (depository are popular for the following They offer deposit accounts that can accommodate the amount and liquidity
19. Financial institutions institutions) reasons. (2 Points) (depository are popular for the following They offer deposit accounts that can accommodate the amount and liquidity characteristics desired by most surplus units. They repackage funds received from deposits to provide loans of the size and maturity desired by surplus units. They diversify their loans among numerous deficit units and therefore can absorb defaulted loans better than individual deficit units could. all of the above
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
