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Which of the following statements is TRUE? I. The process of selling borrowed assets with the intention of buying them back at a later date

Which of the following statements is TRUE?

I. The process of selling borrowed assets with the intention of buying them back at a later date and lower price is referred to as a repurchase agreement.

II. Short selling is the process of selling a specified asset to the buyer currently and buying it back at a specified time in the future at an agreed future price.

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