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M-2 excludes checking accounts in savings banks. a) True b) False Savings and loan associations are a major source of mortgage funds. a) True b)

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M-2 excludes checking accounts in savings banks. a) True b) False Savings and loan associations are a major source of mortgage funds. a) True b) False A financial intermediary creates claims on itself, when it accepts depositors' funds. a) True b) False

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