Question: Assume that the 14-day reserve computation period for problem (8) above extended from May 18 through May 31. a. What is the corresponding reserve maintenance

Assume that the 14-day reserve computation period for problem (8) above extended from May 18 through May 31.
a. What is the corresponding reserve maintenance period under the rules effective in 2012?
b. Given your answers to parts (a) and (b) of problem (8), what would the average required reserves need to be for the maintenance period for the bank to be in reserve compliance?

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