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8. Federal funds are long-term funds transferred between financial institutions for a period of one year. A) True. B) False 9. A negotiable certificate of

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8. Federal funds are long-term funds transferred between financial institutions for a period of one year. A) True. B) False 9. A negotiable certificate of deposit is a bank-issued security. A) True. B) False 10. Negotiable Certificates of Deposit are very similar to demand deposits and they can be withdrawn anytime. A) True. B) False 11. Commercial paper securities are unsecured promissory notes. A) True. B) False

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