If Over the First 12 Days of the Current Reserve

question 57

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 maximum reserve?

• A)$125.552 million.
• B)$111.453 million.
• C)$135.690 million.
• D)$141.914 million.
• E)$129.110 million.

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Definitions:

Decoder

In communication, the process or device for interpreting or giving meaning to a message received from a sender.

Oral Communication

The ability to give and exchange information, ideas, and processes verbally, either one on one or as a group.

Exchange Information

The act of sharing or trading data, knowledge, or ideas between parties, which can facilitate decision-making, learning, or problem-solving.

Verbal

Pertaining to words and the use of language, typically involving spoken communication.