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SRR, EL Illustration Refer to BNM's Guideline on SRR BNM/RH/GL 007-1 (see especially lecture notes and Appendices 2 & 4) Suppose today is 17 Oct

image text in transcribed SRR, EL Illustration Refer to BNM's Guideline on SRR BNM/RH/GL 007-1 (see especially lecture notes and Appendices 2 \& 4) Suppose today is 17 Oct 2021 and the prevailing statutory reserve rate (SRR) is 4%. The Statutory Reserve Account (SRA) balances for the period 1 to 15 Oct 2021 were as follows: Question: (a) What is the required minimum Statutory Reserve Account balance for Oct 2021? (b) Without considering BNM regulations, compute the actual average SRA balance for the period 1 to 15 Oct 2021. (c) For BNM compliance purposes, compute the SRA average amount recognised by BNM for the period 1 to 15 Oct 202 (d) For BNM compliance purposes, compute the Bank's SRR ratio for the period 1 to 15 Oct 2021

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