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9 August, 16:25

Which one of the following is nota service of depository institutions?

A) Providing a place for reserve account deposits.

B) Lowering the cost of monitoring borrowers.

C) Creating liquidity.

D) Pooling risk.

E) Lowering the cost of borrowing

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  1. 9 August, 16:40
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    Depository institutions provide 4 important services to the economy:

    they provide safekeeping services and liquidity;

    they provide a payment system consisting of checks and electronic funds transfers;

    they pool the money of many savers and lend it out to people and businesses; and.

    they invest in securities.
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