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Which one of the following statements is true regarding repurchase agreements? a. their initial maturity is greater than 1 year b. they are an unsecured

Which one of the following statements is true regarding repurchase agreements?

a. their initial maturity is greater than 1 year

b. they are an unsecured form of borrowing

c. U. S. Treasury securitites serve as their collateral

d. They make explict, rather than implict , interest payments

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