A Bank Has an Average Balance of Transactions Accounts,August 10

question 113

Multiple Choice

A bank has an average balance of transactions accounts,August 10 to 23,of $824.46 million.The average balance in the cash account is $42.014 million over this period.The bank is carrying forward a deficit of $1.276 million from the last reserve period.The rules require no reserves to be maintained for the first $8.5 million,3 percent for amounts between $8.5 million and $45.8 million,and 10 percent thereafter.

What is the reserve to be maintained with fed?

• A)$38.247 million.
• B)$34.419 million.
• C)$36.971 million.
• D)$35.087 million.

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Definitions:

Clitoris

A small, sensitive organ located at the top of the vulva, playing a significant role in female sexual pleasure.

Sensory Nerves

Nerves that transmit sensory information from the body's periphery to the central nervous system, allowing the perception of stimuli like touch, temperature, and pain.

Penis

The male organ through which semen and urine pass.

Luteal Phase

The phase of the ovarian cycle during which a follicle becomes a corpus luteum and then degenerates.