Question
97. California One begins its day with $1,566,444 in its reserve account at the Fed. During the day it returns $235,000 to the Fed
97. California One begins its day with $1,566,444 in its reserve account at the Fed. During the day it returns $235,000 to the Fed in currency that has accumulated in its vaults and is not needed to service its customers. What is the bank's reserve account balance after the cash is returned? A. $1,566,444 B. $1.331,444 C. $1,801,444 D. $235,000 Lilition ofrso
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