Secondary Reserves Are So Called Because

question 49

Multiple Choice

Secondary reserves are so called because

• A)they can be converted into cash with low transactions costs.
• B)they are not easily converted into cash,and are,therefore,of secondary importance to banking firms.
• C)50% of these assets count toward meeting required reserves.
• D)they rank second to bank vault cash in importance of bank holdings.

---

Definitions:

Agnostic

A person who believes that nothing is known or can be known of the existence or nature of God or of anything beyond material phenomena.

No Religious Affiliation

Describes individuals who do not identify with any particular religion or belief system.

Canadians

People originating from or having citizenship in Canada, a country known for its multicultural population and bilingual French-English heritage.

Percentage

A fraction or ratio with 100 understood as the denominator; used in calculating rates, proportions, and shares.