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Business, 28.12.2019 06:31 alasia559

Abank is required to maintain an average daily balance at the fed of $700 million. on the first day of the maintenance period it maintains a balance of $750 million, the next two days it maintains a balance of $725 million, the next three days it maintains a balance of $625 million, the next three days it maintains a balance of $775 million, the next two days it maintains a balance of $700 million, and the next two days it maintains a balance of $675 million. what does its balance at the fed has to be on the last day of the maintenance period in order to have a zero cumulative reserve deficit? a. $700 million b. $650 million c. $750 million d. $325 million e. none of the options is correct

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Abank is required to maintain an average daily balance at the fed of $700 million. on the first day...
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