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RVD Bank holds cash in its vault of $$2$ million, short$-$term government securities of $$15$ million, privately issued money market instruments of $$8$ million, deposits at the Bank of Guyana of $$30$ million, cash items in the process of collection of $$1$ million, deposits due$/$placed with depository institutions of $$18$ million.

How much in secondary reserves does this bank hold?

Answer:

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