The shadow banking system refers to
A) commercial banks.
B) nonbank financial institutions such as investment banks and hedge funds.
C) community banks.
D) pawn shops and institutions that offer payday loans.
Answer: B
The shadow banking system refers to
A) commercial banks.
B) nonbank financial institutions such as investment banks and hedge funds.
C) community banks.
D) pawn shops and institutions that offer payday loans.
Answer: B