Securitization is beneficial for banks because it:
a) repackages bank loans into simpler structures.
b) increases the funds available for banks to lend.
c) Allows banks to maintain ownership of their securitized assets.
Ans: b) increases the funds available for banks to lend.
Business
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Tiffin Company had retained earnings of $50,000 at the end of last year. For the current year, income was $20,000 and dividends $15,000 . What is the balance in retained earnings at the end of the current year?
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