Question
Suppose that Amazon bank has $864m as daily average total in net transaction accounts over 14 days of computation period on which reserve requirement applies.
Suppose that Amazon bank has $864m 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 $38m over the computation period. In addition, the reserve carry-forward (from prior period) is $3.08m million. Using above information what will be maximum reserve requirement?
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Personal Financial Planning For Executives And Entrepreneurs
Authors: Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken, Matthew C. Ilteris, D. Scott McDonald, Joseph A. Salvati, Stephen R. Stelljes
1st Edition
3030405273, 978-3030405274
