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In a scenario where Bank A needs cash quickly and owns bonds, it can utilize a repurchase agreement (repo) with Bank B, which has excess cash. Bank A (the dealer) sells its bonds to Bank B with an agreement to repurchase them soon, often the following day, at a higher price. This allows Bank A to obtain the needed cash, while Bank B profits from the difference in prices. For Bank A, this transaction is a repo, while for Bank B, it's a reverse repo, as it involves buying securities to sell back for profit. Repo agreements are common across various entities, including banks, mutual funds, hedge funds, and central banks.