Of the Ten Largest Banks in the World at the Beginning

question 61

Multiple Choice

Of the ten largest banks in the world at the beginning of 2015, how many were U.S.banks?

• A)0.
• B)1.
• C)2.
• D)4.
• E)8.

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Definitions:

Asset Write-Downs

An accounting process involving the reduction in the book value of an asset when its market value falls below its current book value.

Net Income

The ultimate earnings of a company, arrived at by taking away all expenses, taxes, and costs from the total income.

Dividends

Earnings distributed by a corporation to its shareholders from its profit.