Question: Which statement about repurchase agreements is false? Repurchase agreements are short-term loans. Repurchase agreements are only made with risk-free assets such as T- bills. Repurchase

Which statement about repurchase agreements is false? Repurchase agreements are short-term loans. Repurchase agreements are only made with risk-free assets such as T- bills. Repurchase agreements can be arranged with the Fed acting as the reverse repo counterparty. Most repurchase agreements are overnight transactions
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