Question: Question 1 (1 point) Below is the balance sheet for a bank. Under Other it has listed $X just think of this as the

Question 1 (1 point) Below is the balance sheet for a bank. Under "Other" it has listed "$X" just think of this as the dollar amount needed to make the balance sheet balance. It is not important what that value is for this question. Assets Reserves 36 Loans 160 Securities 44 Liabilities 245 Deposits Other $X Using the balance sheet above, find the level of required reserves for this bank if the required reserve ratio = 6% (Give answers to 2 decimal places as needed)

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