Business, 02.05.2021 01:40 dbzrules02

The shadow banking system refers to:. a. Non-bank financial firms that acted as banks by borrowing and lending of U. S. Treasury bills in an effort to make a profit.
b. Non-bank financial firms that acted as banks by borrowing and lending in an effort to make a profit.
c. Non-bank financial firms that acted as stock brokers by buying and selling stocks in an effort to make a profit.
d. Non-bank financial firms that provide profit advice to hedge fund managers.

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The shadow banking system refers to:. a. Non-bank financial firms that acted as banks by borrowing...

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