q1-Suppose that Amazon bank has $936m as daily average total in net transaction accounts over 14 days of computation period on which reserve requirement applies. His daily average vault cash has been $44m over the computation period. In addition, the reserve carry-forward (from prior period) is $2.29m million. Using above information what will be maximum reserve requirement?

q2-Suppose that Amazon bank has $977m as daily average total in net transaction accounts over 14 days of computation period on which reserve requirement applies. His daily average vault cash has been $42m over the computation period. In addition, the reserve carry-forward (from prior period) is $2.57m million. Using above information what will be gross reserve requirement?

Gross Reserve Requirement 85.028 Daily Average Vault Cash 32.214 Net Reserve Requirement 52.814 Reserve Carry- forward (from prior period) 2.276 Min reserve to be maintained at FED 53.0416=52.814+10% x 2.276 Max reserve to be 61.5444553.0416+10% maintained at FED X 85.028