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a. What is the difference between loans sold with recourse and loans sold without recourse from the perspective of both sellers and buyers? (3 marks)

a. What is the difference between loans sold with recourse and loans sold without recourse from the perspective of both sellers and buyers? (3 marks) b. What is the difference between loan participations and loan assignments? (3 marks) c. Explain reserve requirement, compensating balance, capital adequacy. (4 marks)

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