In the PowerPoint presentation what did we learn about "shadow banking?"

Multiple Choice

• This market consists of pawn shops, payday check cashing centers, and high-interest rate online lenders like LendingClub and Prosper. The Fed really doesn't do a good job in regulating these types of lenders.
• Shadow Banking is simply offshore banks located outside of the U.S.
• This is the Federal Reserves Bank's super-secret lending program where they lend money to finance CIA orchestrated plans to overthrow foreign governments, counter-terrorist operations, anti-money laundering strike teams, and to catch those involved in countefeiting.
• This marketplace is illegal and is run by organizations like the Hell's Angels and the Mafia. This is shadow banking.