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Which asset is sometimes referred to as a bank's secondary reserves?

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Which asset is sometimes referred to as a bank's secondary reserves?

Which asset is sometimes referred to as a bank's secondary reserves?
A) vault cash
B) U.S. government securities
C) repurchase agreements
D) federal funds

Textbook

Money, Banking, and the Financial System

Money, Banking, and the Financial System

Edition: 3^rd

Authors: Hubbard, O'Brien

Read 41 times

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