The reserve requirement is 0 percent on the first $8 million in transaction deposits, 3 percent on amounts between $8 million and $50 million, and 10 percent on amounts above $50 million.A bank with transaction deposits totaling $83 million has required reserves equal to

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The Answer of The reserve requirement is 0 percent on the first $8 million in transaction deposits, 3 percent on amounts between $8 million and $50 million, and 10 percent on amounts above $50 million.A bank with transaction deposits totaling $83 million has required reserves equal to

The Reserve Requirement Is 0 Percent on the First $8