A new bank has vault cash of $1.9 million and $8 million in deposits held at its Federal Reserve District Bank. (a) Your Answer Correct Answer (Used) * Your answer is incorrect. If the required reserves ratio is 8 percent, approximately what dollar amount of deposits can the bank hold? (Answer in millions) Bank deposits $ 0.792 million e Textbook and Media Attempts: 2 of 2 used (b) X Your answer is incorrect. If the bank holds $69 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 5.5