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Question
The Williams National Bank has new loan requests of $585 million, needs to purchase $160 in U.S. Treasury securities for reserve requirements, and anticipates draws on lines of credit in the amount of $120 million. If deposits received today total $300 million and it expects to bring in an additional $340 million in deposits next week, what is the estimated funds gap of the Williams National Bank?
A. $225 million
B. $585 million
C. $640 million
D. $865 million
E. None of the options is correct
Answer
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