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7. When we refer to the shadow banking system, what are we talking about? A. The subsidiaries of depository institutions B. The underground banking system

7. When we refer to the shadow banking system, what are we talking about?

A. The subsidiaries of depository institutions

B. The "underground" banking system used for illegal activities

C. Hedge funds, investment banks, and other nonbank financial firms that supply liquidity

D. None of the above

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