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Question 18 (1 point) Under the Basel standards, Tier 1 capital consists of: 1) Common stock and retained earnings 2) Common stock, retained earnings, and

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Question 18 (1 point) Under the Basel standards, Tier 1 capital consists of: 1) Common stock and retained earnings 2) Common stock, retained earnings, and non-cumulative non-redeemable preferred stock 3) Common stock, retained earnings and all forms of preferred stock 4) Common equity, cumulative preferred stock, and long-term debentures 5) None of the above

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