Capital notes: A. are subject to reserve requirements B. are assets of the banks that issue them
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Question:
Capital notes:
A. are subject to reserve requirements
B. are assets of the banks that issue them
C. are always subordinated to the claims of bank depositors
D. reflect short-term borrowing on the part of the bank
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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