From an Analysis on Its Deposits,a Bank Determines That Account

question 83

Multiple Choice

From an analysis on its deposits,a bank determines that account processing and other operating expenses cost the bank $4.45 per month.The bank has also determined that non-operating expenses on its deposits are $1.15 per month.It has also decided that it wants a profit of $0.45 on its deposits.What monthly fee should the bank charge on its deposit accounts?

• A)$6.05
• B)$5.60
• C)$5.15
• D)$4.45
• E)None of the options is correct

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