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An average collected balance may be used to compensate a bank for a service used. Assume a company uses services with charges that total $
An average collected balance may be used to compensate a bank for a service used. Assume a company uses services with charges that total $ that the bank's earning credit rate is and that the reserve requirement is Assuming a day month, what is the average collected balance required to compensate the bank for the services used?
Insufficient information to compute.
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