The Third National Bank of Edmond Reports a Net Interest

question 59

Multiple Choice

The Third National Bank of Edmond reports a net interest margin of 5.83 percent.It has total interest revenues of $275 million and total interest expenses of $210 million.What will be the bank's earning assets total?

• A)$4,717 million
• B)$3,602 million
• C)$1,115 million
• D)$3,790 million
• E)None of the options is correct.

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Definitions:

Francis Crick

A British molecular biologist, biophysicist, and neuroscientist, best known for co-discovering the structure of the DNA molecule in 1953 with James Watson.

Hereditary Material

Genetic information passed from parents to offspring, primarily consisting of DNA or RNA in certain viruses.

DNA

A double-stranded molecule consisting of nucleotides arranged in a helical structure, serving as the hereditary material in most organisms.

Purines

Nitrogenous bases found in DNA and RNA that include adenine (A) and guanine (G), playing a crucial role in encoding genetic information.