Banks hold more liquid assets than do most businesses. Explain why.

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 08:00 AM

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Banks hold more liquid assets than do most businesses. Explain why.

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Banks are required to meet depositors demands for cas...View the full answer

Money Banking and Financial Markets

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