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Q 2 Repurchase agreements (Repos): A. are not backed by collateral B. constituted an estimated $12 trillion borrowing market before the recent financial crisis C.

Q 2 Repurchase agreements (Repos):

A.

are not backed by collateral

B.

constituted an estimated $12 trillion borrowing market before the recent financial crisis

C.

are considered as hot money

D.

played no role in the recent financial crisis

E.

both B and C above are correct

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