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QUESTION 4 () is a colloquial term for lending (or other asset transformation...

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Finance

QUESTION 4
() is a colloquial term for lending (or other asset transformation traditionally performed by banks) that occurs outside the formal supervision of bank regulators, and without the public backstops of deposit insurance or central bank liquidity support.
a. Commercial Banking
b. Insurance
c. Hedge Fund
d. Shadow Banking
e. Investment Banking
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