Question: 3 points Save Answer The Shirley State Bank has $90 million in transaction deposits subject to legal reserves. The bank must hold 3 percent legal

3 points Save Answer The Shirley State Bank has $90 million

3 points Save Answer The Shirley State Bank has $90 million in transaction deposits subject to legal reserves. The bank must hold 3 percent legal reserves up to $43.9 million of transaction deposits and 10 percent legal reserves on any amount above this. What is the bank's total legal reserve requirement

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