Look in the latest federal reserve bulletin (or on www.federalreserve.gov), and find the current set of reserve requirements that banks must meet. Then calculate the reserve requirements for banks with the following amounts of transactions deposits. Calculate both the marginal reserve requirement (the additional amount of required reserves per dollar of additional transaction deposits) and the average reserve requirement (required reserves divided by transaction deposits:
a: $3.8 million
b: $28.9 million
c: $193 million
d: $5.7 billion