A new bank has vault cash of $1.3 million and $7 million in deposits held at its Federal Reserve District Bank. (a) Your answer is correct. If the required reserves ratio is 8 percent, what dollar amount of deposits can the bank have? (Round answer to 0 decimal places, e.g. 150.) Bank deposits 103.75 million SHOW SOLUTION LINK TO TEXT Attempts: 1 of 2 used (b) If the bank holds $68 million in deposits and currently holds bank reserves such that excess reserves are zero, what required reserves ratio is implied? (Round answer to 1 decimal place, e.g. 5.1.) Required reserves ratio Attempts: 0 of 2 used SAVE FOR LATER