Suppose that Amazon Bank has $934m as Daily Average Total

Answer for Suppose that Amazon Bank has $934m as Daily Average Total in Net Transaction Accounts in $1 Only

Suppose that Amazon bank has $934m as daily average total in net transaction accounts over 14 days of computation period on which reserve requirement applies. His daily average vault cash has been $51m over the computation period. In addition, the reserve carry-forward (from prior period) is $2.55m million. Using above information what will be net reserve requirement?

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