According to the Textbook,the Ratio of a Bank's Pre-Tax Net

question 55

True/False

According to the textbook,the ratio of a bank's pre-tax net operating income to total operating revenues is a measure of expense-control efficiency.

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Definitions:

State Agency

An organization or body created by the government to carry out specific functions on a state level.

Chattel Paper

A writing that indicates both a monetary obligation and a security interest in specific goods.

Monetary Obligation

A legal requirement to pay a certain amount of money, arising from contractual agreements, fines, or other legal instruments.

Security Interest

A legal claim or right granted over assets as security for the repayment of a debt or performance of some obligation.