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Which of the following statements best describes financial markets? 1) Banker's acceptance has no default risk. 2) The original maturity of a commercial loan can

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Which of the following statements best describes financial markets? 1) Banker's acceptance has no default risk. 2) The original maturity of a commercial loan can go up to ten years. 3) Foreign banks are more restricted from operating in Canada. 4) Capital market instruments include both long-term debt and common stocks

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