Please show your work for all questions and highlight your final answer, failure to show your work will automatically cause the question to be counted wrong. Excel documents are not accepted. per assignment direction.

1. The difference between the ledger balance and deposit float is referred to as:

A. Expedited funds

B. Drawee balance

C. Clearinghouse funds

D. Collected balance

2. Use the following assumptions to determine the monthly earnings credit:

Ledger Balance = $500,000 Deposit Float = $100,000 Earnings Credit Rate = 0.50% Days in Month = 30 days Reserve Requirement Ratio = 10%

A. $221.92

B. $184.93

C. $147.95

D. $132.87