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The average daily net transaction accounts of a local bank during the most recent reserve computation period is $555 million. The amount of average daily
The average daily net transaction accounts of a local bank during the most recent reserve computation period is $555 million. The amount of average daily reserves at the Fed during the reserve maintenance period is $32.18 million, and the average daily vault cash corresponding to the maintenance period is $10.25 million. What is the average daily reserve balance required to be held by the bank during the maintenance period given the following target minimum reserve requirements table? $37.080.000 $39,190,000 $37.280,000 $34,080,000 The average daily net transaction accounts of a local bank during the most recent reserve computation period is $555 million. The amount of average daily reserves at the Fed during the reserve maintenance period is $32.18 million, and the average daily vault cash corresponding to the maintenance period is $10.25 million. What is the average daily reserve balance required to be held by the bank during the maintenance period given the following target minimum reserve requirements table? $37.080.000 $39,190,000 $37.280,000 $34,080,000
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