Banks hold excess and secondary reserves to
A) reduce the interest-rate risk problem.
B) provide for deposit outflows.
C) satisfy margin requirements.
D) achieve higher earnings than they can with loans.
Answer: B
Banks hold excess and secondary reserves to
A) reduce the interest-rate risk problem.
B) provide for deposit outflows.
C) satisfy margin requirements.
D) achieve higher earnings than they can with loans.
Answer: B