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06-06-2023
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Listen Suppose Bank Marginal currently has $200 million in regular savings deposits. The bank currently pays a 2.00% interest rate on savings. The bank estimates that if it raises the rate on savings deposits to 2.30%, its regular savings deposits would increase by $20 million. What would the marginal cost be for the additional funds raised? OA) 2.00% B) 4.40% OC) 2.30% D) 2.15% E) 5.30% OF) 7.50%

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