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Secondary reserves are so called because

valputin

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8 years ago

Secondary reserves are so called because

Secondary reserves are so called because
A) they rank second to bank vault cash in importance of bank holdings.
B) they are not easily converted into cash, and are, therefore, of secondary importance to banking firms.
C) 50% of these assets count toward meeting required reserves.
D) they can be converted into cash with low transactions costs.

Textbook

The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition

Edition: 4^th

Author: Mishkin

Read 176 times

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Our course uses > The Economics of Money, Banking and Financial Markets

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Meela

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valputin Author

wrote...

#2

8 years ago

This is great!

Our course uses > The Economics of Money, Banking and Financial Markets

Meela

wrote...

#3

8 years ago

You're very welcome, valputin

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