Question: 3 points Save Answer MSU Inc. typically has a mothy ledger balance of $4,000,000 and deposit front of $1,800.000 The First Bank of Morehead offers
3 points Save Answer MSU Inc. typically has a mothy ledger balance of $4,000,000 and deposit front of $1,800.000 The First Bank of Morehead offers MSU an eings credit rate of 0.60%. Meanwhile, the Second Bank of Morehead offers MSU an earnings credit rate of 0.40%. The reserve requirement ratio is 10% and the typical month has 30 days. During the typical month, how much worse off would MSU be it management chooses to bank with the Second Bank of Morehead, relative to the First Bank of Morehead? O $221 22 b. $17753 c. $566.75 d. $325.48
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