What is the total change in deposits in millions of


1. The Fed changes reserve requirements from 12 percent to 6.8 percent, thereby creating $571 million in excess reserves. What is the total change in deposits in millions of dollars?

2. The Fed changes reserve requirements from 8.5 percent to 13.3 percent, thereby eliminating $548 million in excess reserves. What is the total change in deposits in millions of dollars?

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Financial Management: What is the total change in deposits in millions of
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