Multiple Choice
If over the first 12 days of the current reserve maintenance period the average daily reserve held were $37 million, what does the bank need to hold as reserves over the last two days to exactly meet the reserve requirement?
A) $86.42 million.
B) $91.46 million.
C) $79.63 million.
D) $99.14 million.
E) $87.11 million.
Correct Answer:
Verified
Correct Answer:
Verified
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