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14 December, 16:35

What is the shadow banking system?

a. financial institutions that make loans from funds raised by means other than by accepting deposits.

b. a group of several thousand disparate nonbank financial intermediaries.

c. nonbank financial institutions that behave like banks in many respects.

d. all of the above describe the shadow banking system.

e. b and c only?

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  1. 14 December, 16:55
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    C. Non banks that behave like banks
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