Question
Reserve accounts are formed to: pay taxes and insurance payments provide lenders with guaranteed return from the Fed on those reserves pool loans so that
Reserve accounts are formed to:
| pay taxes and insurance payments | ||
| provide lenders with guaranteed return from the Fed on those reserves | ||
| pool loans so that securitization can be carried out | ||
| keep part of the lenders investment in cash (liquid asset) |
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
