Multiple Choice
Which of the following rankings of liabilities is correct if they are ranked by funding costs from lowest cost to highest cost?
A) Retail certificates of deposit; repurchase agreements; federal funds.
B) Federal funds; demand deposits; certificates of deposit.
C) Repurchase agreements; money market demand accounts; retail certificates of deposit.
D) Certificates of deposit; federal funds; demand deposits.
E) Demand deposits; federal funds; passbook savings.
Correct Answer:
Verified
Correct Answer:
Verified
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