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CTP · Question #308
CTP Question #308: Real Exam Question with Answer & Explanation
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Question
- (Topic 4) Based on the following information, what is the required collected balance to cover all monthly service charges? Deposit Float$10,000 Reserve Requirement5% Earnings Credit Rate15% Monthly Service Charges$6,000 Days in month30
Options
- A$308,222
- B$456,000
- C$486,667
- D$512,281
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