Modern Bankers

question 83

Multiple Choice

Modern bankers:

• A)focus on asset management.
• B)focus on liability management.
• C)focus on both asset management and liability management.
• D)are unconcerned with asset and liability management and instead are concerned with how to make money.

---

Definitions:

Total Revenue

The total amount of money a company receives from its goods or services over a specific time period, calculated by multiplying price by quantity sold.

Yearly Return

The total gain or loss experienced on an investment over a period of one year.

Fixed Costs

Costs that do not change with the level of output, such as rent, salaries, and insurance premiums.

Short Run

A time period in which at least one factor of production is fixed, limiting the ability of a firm to adjust its output.