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3. When a bank enters into a Repurchase Agreement it is ______________(lending/borrowing) funds, but when the bank enters into a Reverse Repurchase Agreement, it is

3. When a bank enters into a Repurchase Agreement it is ______________(lending/borrowing) funds, but when the bank enters into a Reverse Repurchase Agreement, it is _____________________________(lending/borrowing) funds.

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