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Q2) Suppose that a bank holds cash in its vault of $3.8 million, short term government securities of $ 18.4 million, privately issued money market
Q2) Suppose that a bank holds cash in its vault of $3.8 million, short term government securities of $ 18.4 million, privately issued money market instruments of $ 4.4 million, deposits at federal reserve bank of 20.7 million, cash items in process of collection of $ 1.5 million, and deposits placed with the other banks of S 15.8 million. How much does this bank hold in its primary and secondary reserves? Primary Reserves Secondary Reserves
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