Answer the following six questions based on the table below. Federal Reserve legal reserve requirements for depository institutions are the following: During the reserve computation period, the bank had the following daily average balances (in millions): 7) The average transactions deposit balance (in millions) at this bank during the reserve computation period was a) $23.9 b) $39.9 c) $51.0 d) $58.9 c) $74.9 8) The amount of transactions deposits (millions) subject to a 0% reserve requirement is a) $7.0 b) $9.3 c) $34.6 d) $41.0 e) none of the above 9) The amount of transactions deposits (millions) subject to a 3% reserve requirement is a) $7.1 b) $9.3 c) $34.6 d) $41.0 c) $74.9 10) The amount of transactions deposits (millions) subject to a 10% reserve requirement is a) $7.1 b) $9.3 c) $34.6 d) $41.0 e) $74.9 11) The total required reserves during the maintenance period are (millions) a) $1.748 b) $4.138 c) $7.019 d) $8.520 12) During the reserve maintenance period, the bank held average daily cash reserves of $5.0 million. Therefore, its net reserve position (in millions) is a) a deficit of $0.862 b) a surplus of 50.862 c) a deficit of $3.252 d) a surplus of $3.252