Business, 17.04.2020 17:09, Ronatalawrence828

The following net transaction accounts have been documented by a bank for the computation of its reserve requirements (in millions). Tuesday 11th Wednesday 12th Thursday 13th Friday 14th Monday 17th Tuesday 18th Wednesday 19th Thursday 20th Friday 21th Monday 24th $ 390 $ 340 $ 370 $ 350 $ 370 $ 390 $ 360 $ 350 $ 340 $ 330 The average daily reserves at the Fed for the 14-day reserve maintenance period have been $32.4 million per day, and the average vault cash for the computation period has been estimated to be $1 million per day. What is the amount of the average daily required reserves to be held by the bank during the maintenance period

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The following net transaction accounts have been documented by a bank for the computation of its res...