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Business, 24.04.2020 16:56 patrickgonzalezjr13

Secondary reserves .
a. can be converted into cash with low transaction costs
b. are not easily converted into cash and are, therefore, of secondary importance to banks
c. count toward meeting required reserves, but only at a rate of $0.50 per dollar of secondary reserves
d. of none of the above.

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Secondary reserves .
a. can be converted into cash with low transaction costs
b. are not...
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