Given the following data for MNO Bank, answer questions 1 to 4 below knowing that the first $9.52 million of transaction deposits are exempt from reserve requirements and the vault cash is reported on the balance sheet $3.16 million

1- What level of transaction accounts is subject to 3% reserve requirement? *

$80.5

$90.02

$74.5

$70.98

None of the above

2- What is the $ amount of reserve requirement for net transactions accounts between 0 and $80.5 million? *

2.415

2.7

2.13

1.95

None of the above

3- What is the $ amount of reserve requirement for net transactions accounts over$80.5 million *

2.1

2.4

1.2

0.9

None of the above

4- The net reserve requirement is (in$) *

3.16

1.07

4.23

7.39

None of the above

AMOUNT RESERVE REQUIREMENT NET TRANSACTION ACCOUNTS 0-$80.5 Million Over $80.5 Million Nonpersonal Time Deposits Eurocurrency Liabilities $80.50 $21 $12 $9 3% 10% 0 0