All of the following are new rules affecting the shadow banking system as a result of the Dodd-Frank Act EXCEPT:
A) some trading of derivatives are required to take place on exchanges
B) large hedge funds are required to register with the SEC
C) firms selling mortgage-backed securities and similar assets are required to hold 5% of the credit risk
D) securitized loans must now be insured
D
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In response to the overvalued dollar in the early 1970s, the German Bundesbank bought dollars and sold marks to keep the exchange rate fixed, gaining international reserves
The huge purchase of international reserves meant that the German monetary base began to ________, leading to ________ growth in the German money supply. A) decline; sluggish B) decline; rapid C) grow; sluggish D) grow; rapid