Colonial banks average daily net transaction account, Finance Basics

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Colonial banks average daily net transaction account

Question: Colonial Bank's average daily net transaction account balance calculated over the period beginning on Tuesday January 3 and ending on Monday January 16th is $1,392M.

a) Find the total reserves that Colonial Bank is required to hold over the maintenance period. (use the reserve requirements shown in the lecture slides)

b) Find the first and last date of the maintenance period.

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Finance Basics: Colonial banks average daily net transaction account

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