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The crisis of 2 0 0 8 occurred when FIs used borrowed funds, especially those from the repo market, to originate loans. When liquidity in

The crisis of

2008

occurred when FIs used borrowed funds, especially those from the repo market, to originate loans. When liquidity in the repo market dried up

,

this caused substantial liquidity issues because loans are long

-

term in nature.

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True

False

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