A bank has cash of 3 million reserve deposits at the
A bank has cash of $3 million, reserve deposits at the Federal Reserve of $35 million, transaction deposits of $375 million, non-personal time deposits of $150 million. Calculate the bank’s required reserves, excess reserves, and total reserves.
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a bank has cash of 3 million reserve deposits at the federal reserve of 35 million transaction deposits of 375 million
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