assume that goodfellows national bank has $60 million in transaction accounts, $20 million in nonpersonal time deposits, and $10 million in eurocurrency liabilities. given the reserve requirements shown in table 3-1, how much must goodfellows keep on hand in reserve funds?

table 3-1

0 percent on net transaction accounts $0 to $14.5 million

3 percent on net transaction accounts $14.5 to $103.6 million

10 percent on net transaction accounts over $103.6 million

0 percent on nonpersonal time deposits

0 percent on eurocurrency liabilities