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Business, 31.10.2021 03:50 alialoydd

The average daily net transaction accounts of a local bank during the most recent reserve computation period is $325 million. The amount of average daily reserves at the Fed during the reserve maintenance period is $24.60 million, and the average daily vault cash corresponding to the maintenance period is $4.3 million. a. Under the rules effective in 2013, what is the average daily reserve balance required to be held by the bank during the maintenance period

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