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Which of the following statements about repo and reverse repo is not true?______.
A.
Reverse repos are purchases of securities with the agreement to sell them at a higher price at a specific future date.
B.
Repos are classified as a money-market instrument. They are usually used to raise short-term capital.
C.
For the party selling the security (and agreeing to repurchase it in the future) it is a reverse repo; for the party on the other end of the transaction (buying the security and agreeing to sell in the future) it is a repo.