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Question
The following demand deposits and cash reserves at the Fed have been documented by a bank for the computation of reserve requirements (in millions). Note that reserves are vault cash and reserves at the Fed.
What are the average daily demand deposit balances over the reserve computation period beginning the week of June 12?
A. $286 million.
B. $296 million.
C. $306 million.
D. $326 million.
E. $352 million.
Answer
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