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Working as a financial analyst for a large corporate bank, you are tasked with reconciling the amount of reserves in order to meet the reserve
Working as a financial analyst for a large corporate bank, you are tasked with reconciling the amount of reserves in order to meet the reserve requirement. This means that each night you have to evaluate how far under reserves the bank currently is and facilitate borrowing enough cash to meet the reserve requirement. What is the rate that you are most likely to pay to another bank when borrowing?
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