Institutional traders do not typically engage in which of the following activities? a. quote bids and offers for securities on a continuous basis b. accommodate incoming purchase and sale orders from financial institutions c. alter quotes in response to changing market conditions d. act as stockbrokers

Type of deposit reserve requirementcheckable deposits $7.8 - 48.3 million 3%over $48.3 million 10noncheckable personal savings and time deposits 0refer to the accompanying table. if a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are$1.2 million.