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In the last month (31 days), a company had service charges at the bank of $1,235. Assuming a reserve requirement of 10% and an ECR
In the last month (31 days), a company had service charges at the bank of $1,235. Assuming a reserve requirement of 10% and an ECR of 2.0%, what was the minimum level of collected balances needed to fully cover these charges? $751,292 $807,841 $825,290 $834,769
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