Question
Capital notes: A. are subject to reserve requirements B. are assets of the banks that issue them C. are always subordinated to the claims of
Capital notes:
A. are subject to reserve requirements
B. are assets of the banks that issue them
C. are always subordinated to the claims of bank depositors
D. reflect short-term borrowing on the part of the bank
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
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