AFP CTP Question Answer
A bank's reserve requirement on demand deposits is 10%, and its earnings credit rate is 6%. If a company uses bank services amounting to $2,600 and has an excess of $550 in earnings credit, what is the average collected balance in the account based on a 30-day month?
AFP CTP Summary
- Vendor: AFP
- Product: CTP
- Update on: Oct 21, 2025
- Questions: 1076
