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bank has $ 2 0 0 in assets and has a target TA / NW ratio of 2 0 . During a business cycle boom
bank has $ in assets and has a target
TANW ratio of During a business cycle
boom its assets are revalued upwards by $ It
will thus more to assets
a borrow, buy new
b borrow, buy new
c sell, remove old
d sell, remove old
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