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Bank A, needing quick cash, can engage in a repo agreement with Bank B, which has excess cash. In this arrangement, Bank A gives bonds to Bank B and agrees to repurchase them quickly. Bank B provides the needed cash, and Bank A later buys back the bonds at a higher price. This transaction benefits both parties, with Bank A getting cash and Bank B making a profit. This process is known as a repo from Bank A's perspective and a reverse repo from Bank B's perspective. These repo transactions are common among banks, mutual funds, hedge funds, and even central banks.