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In the month of July (31 days), a company had an available balance in their deposit account of $4126000 and service charges of $2500. If

In the month of July (31 days), a company had an available balance in their deposit account of $4126000 and service charges of $2500. If the ECR for the month was 45 bp (0.45%), and the reserve requirement of 10% how much will the company owe the bank hard dollar fees, after adjustment for earning credit?

A. $1081

B. $923

C. $1127

D. $974

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