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Bank of Ww maintains an average clearing balance of $2,337,418 with the Federal Reserve. The Federal funds rate is currently 2.15 percent. What amount of

Bank of Ww maintains an average clearing balance of $2,337,418 with the Federal Reserve. The Federal funds rate is currently 2.15 percent. What amount of credit will the bank earn over the reserve maintenance period that can be used to offset any fees charged by the Federal Reserve? (Enter answer with two decimals e.g., 1.23)

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