Primary reserves
A. include the cash assets of the bank.
B. are short term securities held by banks that are quickly converted into cash at little cost to the banks.
C. include securities sold in primary markets.
D. include securities sold in secondary markets.
Answer:A
Primary reserves
A. include the cash assets of the bank. B. are short term securities held by banks that are quickly converted into cash at little cost to the banks. C. include securities sold in primary markets. D. include securities sold in secondary markets.