Prior to the Basle Agreement, primary capital included all of the following except:

Prior to the Basle Agreement, primary capital included all of the following except:

Prior to the Basle Agreement, primary capital included all of the following except:



a. long-term subordinated debt.

b. common stock.

c. undivided profits.

d. perpetual preferred stock.

e. the allowance for loan losses.



Answer: A


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