A new bank has vault cash of $1 million and $5 million indeposits held at its Fe

A new bank has vault cash of $1 million and $5 million indeposits held at its Federal Reserve District Bank.a. If the required reserves ratio is 8 percent what dollar amountof deposits can the bank have?b. If the bank holds $65 million in deposits and currently holdsbank reserves such that excess reserves are zero what requiredreserves ratio is implied?