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If over the first 12 days of the current reverse maintenance period the average daily reverse held by the bank in problem (12) were 56 million (or 12*56m=$672m cumulative total over the 12 days), what does the bank need to hold as reverse over the last two days to (1) exactly meet the requirement, (2) meet the minimum reverse, and (3) meet the maximum reverse?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92725242

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