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Question 1 6 If your firm enters into an overnight reverse repurchase agreement, your firm is procuring a banker's acceptance. giving an unsecured loan to

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If your firm enters into an overnight reverse repurchase agreement, your firm is

procuring a banker's acceptance.

giving an unsecured loan to the counterparty.

selling a security now while agreeing to buy it back tomorrow.

borrowing Fed funds temporarily.

None of these choices are correct.

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