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Answers To Review Questions: Expanding The Boundaries of Banking
Answers To Review Questions: Expanding The Boundaries of Banking
1. The activities of banks have changed dramatically during the past five
decades. Between 1960 and 2018, banks
1) increased the amount of funds they raise from time deposits and
negotiable certificate of deposits;
2) increased their borrowings from repurchase agreements;
3) reduced their reliance on commercial and industrial loans and on
consumer loans;
4) increased their reliance on real estate loans; and
5) expanded into nontraditional lending activities and into activities
where their revenue is generated from fees rather than from interest.
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