Use the following assumptions to determine the monthly earnings credit: Ledger Balance = $3,000,000 Deposit Float = $300,000 Earnings Credit Rate=0.70% Days in the Month = 30 Reserve Requirement Ratio -8% a. $13,011.4 O b.$1429 C C.$1,597 C d. $15,970 Using the information in the previous question, calculate how much the monthly earnings credit would change if the Federal Reserve decided to raise the reserve requirement ratio to 10% Ca. increase by $43.73 b. decrease by $31 CC. increase by 1, 345 d. decrease by 1,345