Which of the following is true of secondary reserves?

Question

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Secondary reserves refer to highly liquid assets that can be quickly converted into cash to meet the demands of depositors or to cover unexpected expenses. Examples of secondary reserves include short-term government securities and interest-earning deposits held at other banks. Checkable deposits, on the other hand, are primary reserves that represent actual cash held by a bank. Secondary reserves earn interest and can fluctuate in value over time, but they are still considered highly liquid and easily accessible.

Which of the Following Is True of Secondary Reserves