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Which of the following are ways that commercial banks use the funds they receive? Check all that apply. Engage in repurchase agreements. Provide installment loans
Which of the following are ways that commercial banks use the funds they receive? Check all that apply.
Engage in repurchase agreements.
Provide installment loans to support individuals minor purchases, such as small household appliances, clothing, etc.
Provide installment loans to support individuals major purchases, such as vehicles, kitchen appliances, and home remodels.
Provide working capital loans to support business that dont want to add debt to their balance sheet but still need large amounts of capital for major purchases.
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