Prior to the 1970s,bankers Were Happy with Interest-Rate Ceilings Because

question 54

Multiple Choice

Prior to the 1970s,bankers were happy with interest-rate ceilings because those ceilings

• A)eliminated interest-rate competition among banks
• B)guaranteed them high profits
• C)guaranteed them a minimum profit
• D)enabled them to expand into other lines of commerce
• E)allowed them to hold corporate stock

---

Definitions:

Net Operating Income

A company's operating income after all operating expenses have been deducted from total revenue.

Variable Costing

A costing method that includes only variable costs - costs that vary with production levels - in the cost of goods sold and excludes fixed costs.

Net Operating Income

The profit generated from a company's everyday business operations, indicating the efficiency of management.

Net Operating Income

Income generated from a company's everyday business operations, excluding taxes and interest expenses.