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Banks may use excess reserves to purchase federal securities, which are secure but cannot be quickly converted to cash. true or false?
The answer is False.
Expert answered|jeifunk|Points 8561|
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Asked 1/31/2013 7:37:35 AM
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Assets are a. properties, possessions, and claims on others. b. cash a bank owes to depositors. c. the same as net worth. d. legal reserves.
Weegy: a. properties, possessions, and claims on others (More)
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The Federal Reserve Bank is responsible for replacing torn and worn money with new bills. true or false?
Weegy: The answer is True. The Federal Reserve Bank is responsible for replacing torn and worn money with new bills. (More)
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Asked 1/31/2013 7:34:34 AM
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Banks may use excess reserves to purchase federal securities, which are secure but cannot be qucikly coverted to cash. True or False?
Weegy: True. (More)
Question
Updated 151 days ago|8/24/2016 1:06:38 PM
1 Answer/Comment
Banks may use excess reserves to purchase federal securities, which are secure but cannot be quickly converted to cash. FALSE.
Added 151 days ago|8/24/2016 1:06:38 PM
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