The XYZ Bank begins the day with $10,000,000 in its reserve account. During the day it returns $400,000 in cash to the Fed, has $1,950,000 in deposited checks clear through the Fed, and $2,525,000 in checks written by its customers clear through the Fed. At the end of the day, XYZ Bank's reserve account balance is:

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The Answer of The XYZ Bank begins the day with $10,000,000 in its reserve account. During the day it returns $400,000 in cash to the Fed, has $1,950,000 in deposited checks clear through the Fed, and $2,525,000 in checks written by its customers clear through the Fed. At the end of the day, XYZ Bank's reserve account balance is:

The XYZ Bank Begins the Day with $10,000,000 in Its