Shadow Banks Are Prohibited from Engaging in Maturity Transformation

question 62

True/False

Shadow banks are prohibited from engaging in maturity transformation.

---

Definitions:

Writ of Certiorari

An order by a higher court to a lower court to send up the records of a case for review, typically used by the Supreme Court to select cases it will hear.

State Courts

Judiciary bodies within individual U.S. states responsible for interpreting state laws and administering justice at a local level.

Writ of Appeal

A legal document filed by an appellant seeking a higher court's review of a lower court's decision.

Acts of Congress

Legislation that has been passed by both houses of Congress and signed into law by the President, or passed over his veto.