Which of the following statements concerning repurchase agreements $($REPOs$)$ is TRUE?

Select one:

A$.$ The REPO market is a highly illiquid and inflexible source of funds for DIs needing to increase their liabilities and to offset deposit withdrawals.

B$.$ These transactions must be rolled over each day.

C$.$ They can be viewed as collateralized financing transactions.

D$.$ The cost of REPOs is generally above the market interbank rate.

E$.$ REPO transactions cannot be delayed by negotiations over the collateral package.

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