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In the left margin, clearly place T for statements you believe to be true and F for those you feel are False. 1. Reserve requirements
In the left margin, clearly place T for statements you believe to be true and F for those you feel are False. 1. Reserve requirements refer to the percentage of a bank's deposits it must hold as reserves (or vault cash). 2. The more volatile the price of a security, the wider the bid-asked spread dealers will quote (charge) for the security. 3. A broker purchases securities from a seller and sells them to a buyer. 4. Steve's Bicycle Repair Shop, Inc., has $150,000 in assets (tools, refurbished bikes, parts). Owners' equity is the full $150,000. Now Steve wants to borrow $10,000 in order to stock new bikes. This will add to the equity in the company
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