6. A bank estimates that demand deposits are, on average. $100 million a standard deviation Of $3...
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6. A bank estimates that demand deposits are, on average. $100 million a standard deviation Of
$3 million. The bank wants to maintain a minimum Of or deposits in reserves at all times. What is the highest expected level Of deposits duhng the toonth? What reserves do they need to maintain?
Use a confidence level.
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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