Which of the following is the role performed by accommodating banks?
A) They act as intermediaries in the Eurodollar market.
B) They issue negotiable CDs for themselves and for other banks.
C) They sell commercial paper to raise funds for themselves and other firms belonging to their bank holding company.
D) They buy and sell federal funds simultaneously in order to make a market for reserves of customer banks.
E) None of the options is correct.
Correct Answer:
Verified
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