Q 5 City Bank has estimated that its average daily demand deposit balance over the recent 14-day computation period was

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Q 5 City Bank has estimated that its average daily demand deposit balance over the recent 14-day computation period was

Post by answerhappygod »

Q 5 City Bank Has Estimated That Its Average Daily Demand Deposit Balance Over The Recent 14 Day Computation Period Was 1
Q 5 City Bank Has Estimated That Its Average Daily Demand Deposit Balance Over The Recent 14 Day Computation Period Was 1 (46.29 KiB) Viewed 23 times
Q 5 City Bank has estimated that its average daily demand deposit balance over the recent 14-day computation period was $225 million. The average daily balance with the Fed over the 14-day maintenance period was $11 million, and the average daily balance of vault cash over the two-week computation period was $7 million. a. Under the rules effective in 2004, what amount of average daily reserves is required to be held during the reserve maintenance period for these demand deposit balances?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”