The average daily net transaction accounts deposit balance of a local bank during the most recent reserve

Question:

The average daily net transaction accounts deposit balance of a local bank during the most recent reserve computation period is $325 million. The amount of average daily reserves at the Fed during the reserve maintenance period is $24.60 million, and the average daily vault cash corresponding to the maintenance period is $4.3 million.
a. What is the average daily reserve balance required to be held by the bank during the maintenance period?
b. Is the bank in compliance with the reserve requirements?
c. What amount of reserves can be carried over to the next maintenance period either as excess or shortfall?
d. If the local bank has an of 6 percent and deposits at the Fed pay 0.5 percent, what is the effect on the income statement from this reserve period? Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...