Bank investments in short-term government securities that can readily be turned into cash are often referred to as ________ reserves.

Name: Bank investments in short-term government securities that can readily be turned into cash are often referred to as ________ reserves.
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Question

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Secondary reserves refer to bank investments in short-term government securities that can be quickly converted into cash, providing liquidity beyond primary reserves.

Bank Investments in Short-Term Government Securities That Can Readily Be