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First National Bank has an average daily balance of transaction accounts in the amount of $1,500 million. Calculate the average required reserves the bank has

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First National Bank has an average daily balance of transaction accounts in the amount of $1,500 million. Calculate the average required reserves the bank has to maintain at the Federal Reserve Bank in its district? 1,500 million $158.6 million $141.83 million $131.99 million None of the above

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