Question: View Policies Current Attempt in Progress A new bank has vault cash of $1.7 million and $5 million in deposits held at its Federal Reserve

View Policies Current Attempt in Progress A new bank has vault cash of $1.7 million and $5 million in deposits held at its Federal Reserve District Bank If the required reserves ratio is 7 percent approximately what dollaramount of deposits can the bank hold? (Answers on million Bank deposits $ (b). If the bank holds $69 million in deposits and currently holds bank reserves such that excess reserves are zero, what required reserves ratio is implied? (Round answer to 1 decimal place, ag. 5.1) Required reserves ratio

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