A local bank had $10,000,000 in its reserve account at the opening of business today. Over the course of the day $1,400,000 in checks written by the bank's customers and $2,175,000 in checks deposited by the bank's customers cleared through the Fed, and the bank returned $150,000 in coins and paper money to the Fed. At the close of business today the bank's reserve account was:

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The Answer of A local bank had $10,000,000 in its reserve account at the opening of business today. Over the course of the day $1,400,000 in checks written by the bank's customers and $2,175,000 in checks deposited by the bank's customers cleared through the Fed, and the bank returned $150,000 in coins and paper money to the Fed. At the close of business today the bank's reserve account was:

A Local Bank Had $10,000,000 in Its Reserve Account at the Opening