All of the Following Are Operating Expenses for a Bank

question 110

Multiple Choice

All of the following are operating expenses for a bank EXCEPT

• A)service charges on deposit accounts.
• B)salaries and employee benefits.
• C)rent on buildings.
• D)servicing costs of equipment such as computers.

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Definitions:

Markup

Incremental pricing on the acquisition cost of products to ensure overhead and profit incorporation.

Wholesale Cost

The price charged for goods and services that are sold by wholesalers to retailers or other businesses, typically lower than the retail price.

Computer Hardware

The physical components of a computer system, such as the motherboard, CPU, RAM, and hard drives.

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, potential, thermal, electrical, chemical, and nuclear.