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The Third National Bank has an excess of reserves and is willing to lend them overnight to another depository institution that has a temporary shortage;
The Third National Bank has an excess of reserves and is willing to lend them overnight to another depository institution that has a temporary shortage; this lending and borrowing transaction involves the use of:
a. certificate of deposit
b. commercial paper
c. federal funds
d. money market mutual fund
e. repurchase agreement
f. u.s treasury bill
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