All of the following are operating expenses for a bank EXCEPT
A) service charges on deposit accounts.
B) salaries and employee benefits.
C) rent on buildings.
D) servicing costs of equipment such as computers.
A
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Kendrick wants to start a tax preparation company and is going to his bank to borrow $50,000. This is an example of
A) a primary market transaction. B) indirect finance. C) a secondary market transaction. D) direct finance.
Which of the following is not an advantage to an insurance company of insuring a large group of people for health insurance?
A) When all group members pay the premium, the problem of adverse selection is reduced. B) The characteristics of a large group are likely to reflect those of the entire population. C) When all group members pay the premium, the problem of moral hazard is reduced. D) It is easier to accurately predict the number of claims for a group than for an individual.
Unemployment compensation programs are called automatic stabilizers because payments increase during
A) expansionary periods. B) recessions. C) both recessions and expansions. D) wartime only.
Financial intermediaries pool funds of:
A. few large savers and provide it to many small borrowers. B. few large savers a few large borrowers. C. many small savers and provide it to many borrowers. D. many small savers and provide it to a few large borrowers.