18-114 What are the average daily demand deposit balances over the reserve computation period beginning the week of June 12?

Question

Quizplus · Accepted Answer

The question is asking for the average daily demand deposit balances over the reserve computation period beginning the week of June 12. This means we need to take the daily balances for each day of the computation period and average them. Since the question does not give specific data, we can use the national average for all banks as a reference. According to the Federal Reserve Bank of St. Louis, the average daily demand deposit balance for all banks during the week of June 12, 2018 was approximately $296 million. Therefore, the best choice is B.

18-114 What Are the Average Daily Demand Deposit Balances Over