Question: please hurry! answer it within 15 minutes The average daily net transaction accounts of a local bank during the most recent reserve computation period is

please hurry! answer it within 15 minutes The average daily net

please hurry! answer it within 15 minutes

The average daily net transaction accounts of a local bank during the most recent reserve computation period is $589 million. What is the average daily reserve balance required to be held by the bank during the maintenance period? Assume no vault cash. O $50.73 million O $42.37 million O $62.11 million O $58.9 million $60.83 million O $46.79 million Periods of high interest rates create the disintermediation phenomena in commercial banks. False O True The following type(s) of life insurance policies do not have a savings feature: O Term life O Whole life 10

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