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Suppose a bank maintains an average clearing balance of 5

Question: Suppose a bank maintains an average clearing balance of $5 million during a period in which the Federal funds rate averages 6 percent. How much would this bank have available in credits at the Federal Reserve Bank in its district to help offset the charges assessed against the bank for using Federal Reserve services?

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Finance Basics: Suppose a bank maintains an average clearing balance of 5

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Finance Basics: Suppose a bank maintains an average clearing balance of 5

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