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NEW QUESTION: 1
XYZ Company is a net borrower. Its cost of funds is 5.0%, its earnings credit rate is 3.0%, and the reserve requirement is 10%. Average service fees are $50,000 per month. Its average ledger balance is $2,000,000, and its average collected balance is $1,000,000. What are the collected balances required to pay for services during a 30-day month?
A. $12,166,667
B. $22,530,864
C. $20,277,778
D. $13,518,519
Answer: B
NEW QUESTION: 2
A. Option A
B. Option D
C. Option C
D. Option B
Answer: A
NEW QUESTION: 3
Martin Breslin, age 72 and permanently disabled, is classified as dually-eligible. This information indicates that Mr. Breslin qualifies for coverage by both
A. Medicare and Medicaid, and Medicaid provides primary coverage
B. Medicaid and private indemnity insurance, and Medicaid provides primary coverage
C. Medicare and Medicaid, and Medicare provides primary coverage
D. Medicare and private indemnity insurance, and Medicare provides primary coverage
Answer: C
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