If Over the First 12 Days of the Current Reserve

question 35

Multiple Choice

If over the first 12 days of the current reserve maintenance period the average daily reserve held were $37 million, what does the bank need to hold as reserves over the last two days to meet the minimum reserve?

• A)$33.92 million.
• B)$41.23 million.
• C)$51.19 million.
• D)$47.23 million.
• E)$46.05 million.

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Definitions:

Translates

In computing, translates generally refers to the process of converting code from one form or language to another, such as from high-level code to machine code.

Executes

In computing, to run or carry out a command, program, or instruction by the system's processor.

Machine Language Code

The fundamental set of instructions that a computer directly interprets and executes, consisting of binary code.

Linker

A tool in software development that combines multiple object files into a single executable or library file, resolving references between them.