In 2015, the Right Bank had total deposits of $7,000, its reserves with the Fed amounted to $1,400,and $400 was the amount of physical currency in its own vault. Suppose the reserve requirement with the Fed is 12 cents for every dollar deposited.

The amount of reserves the Right Bank is required to hold with the Fed equal

$?.

The banks's excess reserves with the Fed along with the bank's vault cash amount to

$?.