All of the following statements are true regarding repurchase or reverse repurchase agreements EXCEPT: Aunder a reverse repurchase agreement, the dealer is buying securities from the Federal Reserve B if a repurchase agreement extends for longer than overnight, the agreement is known as a "Due Bill" repurchase agreement C repurchase agreements are used by dealers to reduce the carrying cost of Government securities held in their inventory repurchase agreements are initiated by the Federal Reserve to loosen the money supply D O