Suppose that Amazon bank has 5030m a daily average total in net transaction accounts over 14 days of computation period on which remerve requirement applies

Finance Dec 19, 2020

Suppose that Amazon bank has 5030m a daily average total in net transaction accounts over 14 days of computation period on which remerve requirement applies. His daily average vault cash has been $52m over the computation period. In addition, the reserve curry-forward from prior period is $2.52m million. Using above information what will be gross reserve requirement?

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