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What are primary securities dealers? Why do primary securities dealers need large amounts of cash? How do primary securities dealers obtain their cash in the
What are primary securities dealers? Why do primary securities dealers need large amounts of cash? How do primary securities dealers obtain their cash in the repo market? What special role do primary securities dealers play with the New York Fed? Explain how the Fed uses overnight reverse repurchase agreements to pay implicit interest on cash supplied by nonbank financial intermediaries. 
What are primary securities dealers?
Why do primary securities dealers need large amounts of cash?
How do primary securities dealers obtain their cash in the repo market?
What special role do primary securities dealers play with the New York Fed?
Explain how the Fed uses overnight reverse repurchase agreements to pay implicit interest on cash supplied by nonbank financial intermediaries.
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