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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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Updated 31 days ago|8/24/2016 1:06:38 PM
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Banks may use excess reserves to purchase federal securities, which are secure but cannot be quickly converted to cash. FALSE.
Added 31 days ago|8/24/2016 1:06:38 PM
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