What are its excess reserves

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A commercial bank has vault cash of $2.1 million and reserve deposits at the Fed of $22 million. The bank holds $205 miilion in trnsactions deposits that are subject to 10% reserve requirements. What are its reuired reserves?

What are its excess reserves?

If depositors withdraw $120,000 from transaction deposits, what are the bank's excess reserves?

Reference no: EM131835336

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