Suppose a bank earned $173 million in interest on its assets of $2,153 million, it paid out $81 million in interest on its liabilities (excluding capital) of $2,007 million, and it paid its workers $71 million in total compensation. The bank's spread is approximately

A. 2 percent.
B. 3 percent.
C. 4 percent.
D. 5 percent.


Answer: C

Business

You might also like to view...

Virtualization is the technology that unleased cloud computing

Indicate whether the statement is true or false

Business

Answer the following statements true (T) or false (F)

Because events that are internal to the firm are not considered “transactions,” they do not require entries in the firm’s accounts.

Business

An advantage of hiring personnel who are citizens of neither the home country nor the host country may be that all of the following except that they

A. may come from a culture similar to that of the host country. B. may accept lower wages and benefits. C. will face fewer obstacles in obtaining necessary work permits. D. have international experience.

Business

Rick's driveway has potholes. He has been thrown from his bike several times because of them. If Rick invites his biking friends for a barbecue, what must he do to escape liability for any harm to them?

A) Repair the potholes. B) Post signs saying "slow to 15 mph." C) Telephone his friends to warn them about the potholes. D) None of these.

Business