Federal funds are important sources of liquidity

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Repurchase agreements and federal funds are important sources of liquidity. The cost of using these markets spiked after Lehman Brothers failed.

True or False.

Please explain the answer.

Reference no: EM13766274

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Federal funds are important sources of liquidity : Repurchase agreements and federal funds are important sources of liquidity. The cost of using these markets spiked after Lehman Brothers failed.
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