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CTP · Question #413
CTP Question #413: Real Exam Question with Answer & Explanation
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Question
- (Topic 5) If a bank has a 10% reserve requirement, a 31-day month, and an earnings credit rate of 6.5%, which of the following is the approximate level of collected balances required to support $1.00 worth of bank service charges?
Options
- A$181
- B$199
- C$201
- D$206
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