Suppose that from a new checkable deposit, First National Bank holds 4 million dollars in vault cash, 16 million dollars on deposit with the Federal Reserve, and 18 million dollars in excess reserves. Given this information, we can say First National Bank has million dollars in required reserves.

We can say First National Bank has 2 million dollars in required reserves

Explanation:

In order to calculate the required reserves we would have to make the following calculation:

Required reserves = Total reserves - excess reserves = vault cash + deposits with Federal Reserve - excess reserves

vault cash=  4 million dollars

deposits with Federal Reserve= 16 million dollars

excess reserves=18 million dollars

Therefore, Required reserves=4 million dollars+ 16 million dollars-=18 million dollars

Required reserves= 2 million dollars

We can say First National Bank has 2 million dollars in required reserves

answer; ///i believe that the correct answer is (a) it is the means by which a person earns money;

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it