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How much cash reserves during the maintenance period

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Question - As of October 2018, according to Regulation D of the Federal Reserve Act of 1913, a DI with $422 million of net transaction accounts during the computational period is required to hold how much cash reserves during the maintenance period?

a. $33.639 million

b. $33.159 million

c. $45.869 million

d. $45.389 million

Reference no: EM133158025

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