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Business, 29.10.2020 16:30 penelopymorales24

A bank estimates that their average balance on demand deposit accounts is $3,500, net of float. Each account costs the bank $250 per year in processing costs. The bank collects an average of $10 per month on each account in service charges. Assume reserve requirements are 10%. What is the net cost of an average demand deposit

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A bank estimates that their average balance on demand deposit accounts is $3,500, net of float. Each...

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