All of the Following Are Operating Expenses for a Bank

question 124

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:

Contractual Relationship

A legal binding between two or more parties, enforceable by law, involving mutual obligations.

Conversion

Conversion involves changing something from one form or use to another, such as converting a residential building into a commercial space or changing currencies.

Trespass To Personal Property

The unlawful taking or harming of another’s personal property; interference with another’s right to the exclusive possession of his or her personal property.

Textbook

A book containing detailed information on a particular subject, typically used as a study aid in educational institutions.