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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

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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