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The following net transaction accounts have been documented by a bank for the computation of its reserve requirements (in millions). Wednesday Tharsday Friday Monday Tuesday

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The following net transaction accounts have been documented by a bank for the computation of its reserve requirements (in millions). Wednesday Tharsday Friday Monday Tuesday Wednesday Thursday 11th12th13th14th17th18th 1 19th 20h 350 Net transaction accounts $380 330 $360 340 $360 $380 $340 The average daily reserves at the Fed for the 14-day reserve maintenance period have been $31.1 million per day, and the average vault cash for the computation period has been estimated to be $2 million per day a. What is the amount of the average daily required reserves to be held by the bank during the maintenance b. Is the bank in compliance with the requirements? Complete this question by entering your answers in the tabs below Required A Required 8 What is the amount of the average daily required reserves to be held by the bank during the maintenance period? (En answer in millions rounded to 3 decimal places.(e.g., 32.161)) Average dalily required reserves Pre 5f 5 Next 3 4 5 6 8

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