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Question 25 3.75 pts A bank currently has $72 million in stable deposits against which they want to keep 10% reserves, $132 in vulnerable deposits
Question 25 3.75 pts A bank currently has $72 million in stable deposits against which they want to keep 10% reserves, $132 in vulnerable deposits against which they want to keep 40% reserves and they have $50 million in hot money' deposits against which they want to keep 90% reserves. The legal reserves for this bank are 10% of all deposits. What is this bank's total liquidity requirement? (Report a number in millions and keep 2 decimal places)
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