ngus Bank holds no excess reserves but complies with the reserve requirement. The required reserves ratio is 99 %, and reserves are currently $2727 million. The amount of deposits is $300300 million. (Round your response to one decimal place.) The reserve shortage created by a deposit outflow of $55 million is $negative 4.55-4.55 million. (Round your response to two decimal places.) The cost of the reserve shortage if Angus Bank borrows in the federal funds market (assume the federal funds rate is 0.250.25 %) is $
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