A bank that has a low profit margin most likely:
A. is doing a poor job of controlling expenses.
B. has a small amount of financial leverage.
C. has a small amount of liquidity risk.
D. has assets that are not very productive.
E. None of the options is correct.
A. is doing a poor job of controlling expenses.
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15 million transactions are made per year at a total cost of $750 million. Calculate the cost per transaction
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