When banks are short on reserves, why do they use the fed funds or repurchase agreement markets

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When banks are short on reserves, why do they use the fed funds or repurchase agreement markets instead of borrowing from another bank?

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An Introduction To Financial Markets And Institutions

ISBN: 978-0765622761

2nd Edition

Authors: Maureen Burton ,Reynold F. Nesiba ,Bruce Brown

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Question Posted: Jul 19, 2024 07:00 PM

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When banks are short on reserves, why do they use the fed funds or repurchase agreement markets

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An Introduction To Financial Markets And Institutions

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