Question

what are the functions of secondary reserves​

Answer 1

Answer:

Reserves held by depository institutions in excess of those mandated by reserve requirements. These reserves are often held in the form of assets that can be quickly and easily converted to cash and are used to meet unanticipated obligations.

Explanation:

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Answer 2

Answer:

Reserves held by depository institutions in excess of those mandated by reserve requirements. These reserves are often held in the form of assets that can be quickly and easily converted to cash and are used to meet unanticipated obligations.

Explanation:

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