A company has a collected balance in its bank account of $873,466. The reserve requirement is 10%,

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A company has a collected balance in its bank account of $873,466. The reserve requirement is 10%, and ECR is 1.25%. What would be the amount of earnings credit for a 31 days month?

a. 834.56

b. 934.56

c. 734.56

d. 634.56

Related Book For answer-question

Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Posted Date: Oct 31, 2023 06:13 AM

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A company has a collected balance in its bank account of $873,466. The reserve requirement is 10%,

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Precalculus

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