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Please use the following data for questions 25-29. The following table represents a typical week's collected balances for your firm. Mon Tue Wed Thu Fri

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Please use the following data for questions 25-29. The following table represents a typical week's collected balances for your firm. Mon Tue Wed Thu Fri Sat Sun Collected Balance $15,800 $18,000 $22,000 $25,000 $3,700 $3,700 $3,700 Assume the following: Reserve requirement: 5% The earnings credit rate on investable balance (ECR): 4% Bank charges of $200 for January (31 days) 25. The average daily collected balance amounts to: A $10,000 $12,000 m00 > $13,000 $13.001.25 None of the above

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