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

question 2

Multiple Choice

From an analysis on its deposits,a bank determines that account processing and other operating expenses cost the bank $4.15 per month.It has also determined that non-operating expenses on its deposits are $1.65 per month.The bank wants to have a profit margin which is 10 percent of monthly costs.What monthly fee should the bank charge on its deposit accounts?

• A)$6.38 per month
• B)$5.80 per month
• C)$4.57 per month
• D)$4.15 per month
• E)None of the options is correct

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