How Can Noninterest Operating Income of an FI Be Increased

question 19

Multiple Choice

How can noninterest operating income of an FI be increased by improved technological efficiency?

• A)By improving the efficiency of management of information flows.
• B)By obtaining access to low cost sources of funds.
• C)By linking services to the quality of the FI's technology.
• D)By innovating new interest earning products.

---

Definitions:

Property Insurance

Insurance that provides financial reimbursement to the owner or renter of a structure and its contents, in case of damage or theft.

Casualty Insurance

Insurance coverage against loss or damage to property or individuals due to an accident, theft, or other unforeseen events.

Insurance Contract

A legally binding agreement between an insurer and an insured, in which the insurer agrees to compensate for specific losses in exchange for a premium.

Breach of Contract

occurs when a party fails to fulfill their obligations under a contract, either by not performing as promised, by interfering with another party's performance, or by repudiating the contract altogether.