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