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Business, 25.11.2021 14:10 kierraivey

The average daily net transaction accounts of a local bank during the most recent reserve computation period is $330 million. The amount of average daily reserves at the Fed during the reserve maintenance period is $25.10 million, and the average daily vault cash corresponding to the maintenance period is $4.7 million. a. Under the rules effective in 2013, what is the average daily reserve balance required to be held by the bank during the maintenance period

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