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14. The Earning Credit rate (ECR) is the rate applied to collected funds. It is usually tied to the yield on: a. Money Market Accounts
14. The Earning Credit rate (ECR) is the rate applied to collected funds. It is usually tied to the yield on: a. Money Market Accounts b. 90-day Treasury bills Federal funds rate C. 15. The Reserve Requirement ratio (RRR) represents the portion of deposits that: a. A bank holds for liquidity purposes b. Earned in profits Parts "a" and "b" d. None of the above c. 16. The Collected Balances Required interest rate co a. Equals the reserve requirements set on bank accounts b. Equated to the rate earned on 90-day Treasury securities Allows earning credits to completely offset the monthly service charges C. 17. The term Processing Float refers to the period of time extending from the receipt of a check until the check is deposited. a. True b. False
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