c) What is a Repurchase Agreement operations of security dealers. or RP? Explain what an RP's role is in financing the d) (i) When were CDs first offered in the money market? By what financial institution? Why were these instruments developed? (ii) Who are the principal BORROWERS active in the federal funds market? Why are they attracted to this market for the funds they require? Please explain the meaning of the term FINNANCIAL INNOVATION. How about DEREGULATON? SERVICE PROLI FERATION