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    Financial Accounting Study Set 25
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    Exam 15: Specimen Financial Statements: Pepsico, Inc
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    Banks and Financial Institutions Often Purchase Debt Securities to
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Banks and Financial Institutions Often Purchase Debt Securities to

Question 68

Question 68

Multiple Choice

Banks and financial institutions often purchase debt securities to


A) house excess cash until needed.
B) generate earnings.
C) meet strategic goals.
D) improve their public image.

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