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Celastila Moonn, a GLBAAF 301 student at UMB, made the following statements after finishing the week four readings. Statement 1: On average, bank liabilities tend
Celastila Moonn, a GLBAAF 301 student at UMB, made the following statements after finishing the week four readings. Statement 1: On average, bank liabilities tend to have shorter maturities and greater liquidity than bank assets. Statement 2: The majority of banks are nationally chartered and insured by the FDIC. With respect to above statements, is Moonn correct? A. Yes, both statements 1 and 2 are correct B. For statement 2 only C. For statement 1 only
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