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CTP · Question #352
CTP Question #352: Real Exam Question with Answer & Explanation
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Question
- (Topic 4) Based on the following information, how much money will XYZ Company owe the bank for monthly service charges after the earnings credit is applied? Average Ledger Balance$500,000 Deposit Float$10,000 Reserve Requirement10% Earnings Credit Rate5% Monthly Service Charges$5,000 Days in month30
Options
- A$0
- B$68.49
- C$436.99
- D$561.64
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