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QUESTION
43. In a recent year, a bank earned $12 million in interest on its assets of $157 million, it paid out $8 million in interest on its liabilities
43.
In a recent year, a bank earned $12 million in interest on its assets of $157 million, it paid
out $8 million in interest on its liabilities (excluding capital) of $172 million, and it paid its workers
$3 million in total compensation. The bank's return on equity is
a.
5 percent.
b.
10 percent.
c.
15 percent.
d.
20 percent.
