Which of the following is false about shadow banking?
A) The term "shadow banking" encompasses any financial intermediaries that engage in bank-like activities but are not regulated and do not have access to deposit insurance or a central bank for liquidity.
B) Today shadow banks have about $15 trillion in assets.
C) Non-bank shadow banks include hedge funds, finance companies, asset-backed commercial paper (ABCP) conduits, special investment vehicles (SIVs) , hedge funds, securities lenders, limited purpose finance companies, government-sponsored enterprises (GSEs) , and pawn shops, among others.
D) Non-bank FinTech firms are not shadow banks.
Correct Answer:
Verified
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