Business, 08.09.2021 17:40 taliyahjhonson1

A commercial bank has provided the following financial information. a. Average daily net transaction accounts balance during the reserve computation period $ 485.67M
b. Average daily reserves held with the Federal Reserve during the reserve maintenance period 33.76M
c. Average daily vault cash during the reserve maintenance period 4.23M Reserve carry forward 0M

Required:
a. Calculate the amount of reserves that bank must maintain with the Federal Reserve.
b. Is the bank undershooting or overshooting the reserve target

Answers: 3

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A commercial bank has provided the following financial information. a. Average daily net transacti...

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