Most of a Bank's Operating Income Results from

question 23

Multiple Choice

Most of a bank's operating income results from

• A)interest on assets.
• B)service charges on deposit accounts.
• C)off-balance-sheet activities.
• D)fees from standby lines of credit.

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Definitions:

Lobster Farms

Aquaculture facilities dedicated to the breeding, raising, and harvesting of lobsters for commercial use and consumption.

Algae

A diverse group of photosynthetic organisms that are not necessarily closely related, and that live in a variety of water environments.

Transactions Costs

Expenses incurred when buying or selling goods or services, including but not limited to fees, charges, and other related costs.

New York Stock Exchange

One of the largest stock exchanges in the world by market capitalization, located in New York City.