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 meet the maximum reserve?
A) $125.552 million.
B) $111.453 million.
C) $135.690 million.
D) $141.914 million.
E) $129.110 million.
Correct Answer:
Verified
Correct Answer:
Verified
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