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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?
Banks may use excess reserves to purchase federal securities, which are secure but cannot be quickly converted to cash. FALSE.
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Asked 3/6/2012 2:27:29 PM
Updated 9/24/2018 2:29:06 AM
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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 9/24/2018 2:29:06 AM
This answer has been confirmed as correct and helpful.
Confirmed by matahari [9/24/2018 3:18:54 AM]
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A company that owns more than one bank
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Updated 7/9/2015 5:47:57 AM
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A company that owns more than one bank is a bank holding company.
Added 7/9/2015 3:15:34 AM
A company that owns more than one bank is a multibank holding company.
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