The Balance Sheet of XYZ Bank Appears Below

question 98

Multiple Choice

The balance sheet of XYZ Bank appears below. All figures in millions of Canadian dollars. The gap ratio is

• A).015.
• B)-.015.
• C).025.
• D)-.144.
• E).154.

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Definitions:

Variable Costs

Costs that vary directly with the level of output or production volume, such as raw materials and labor expenses.

Total Revenue

The total income generated by a company from its sales of goods or services before any costs or expenses are deducted.

Variable Costs

Costs that fluctuate in proportion to the level of output or activity in a business, such as raw materials and labor expenses.

Total Revenue

The total amount of money received by a firm from sales of its products or services, before any expenses are subtracted.