Question 6 Assume a bank has $5 million in deposits and $1 million in vault cash. If the bank holds $1 million in excess reserves and the required reserves ratio is 8 percent, what is the minimum required reserve. Homework 02 V2 Question 1 Question 2 Question 3 Question 4 Question 5 * Question 6 Question 7 Question 8 Question 9 Question 10 Question 11 Question 12 Question 13 Question 14 Question 15 O $64.5 million $76.0 million $75.0 million $63.5 million Click if you would like to Show Work for this question: Open Show Work Review Score Review Results by Study. Objective LINK TO TEXT Question Attempts: 1 of 2 used SAVE FOR LATER SUBMIT ANSWER 5:58 PM 190aw PwN x1 ^ a 9/12/2019