The shadow banking system refers to commercial banks. community banks. pawn shops and institutions that offer payday loans. nonbank financial institutions such as investment banks and hedge funds.

Respuesta :

Answer:

False

Explanation:

Shadow banking systems includes financial institutions that are not regulated by the government or operate outside government-regulated banking systems.

Shadow banks channel money from savers to borrowers outside the regulated banking system.

Commercial and community banks are regulated by the government, therefore they are not part of the shadow banking system.