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Suppose that a bank holds cash in its vault of $1.2 million, short-term government securities of $11.3 million, privately issued money market instruments of $6.1
Suppose that a bank holds cash in its vault of $1.2 million, short-term government securities of $11.3 million, privately issued money market instruments of $6.1 million, deposits at the Federal Reserve banks of $20.4 million, cash items in the process of collection of $0.8 million, and deposits placed with other banks of $15.3 million. How much in primary reserves does this bank hold? In secondary reserves?
primary reserves:
secondary reserves:
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