Consider the Following Two FIs: Company a Has $500 Million

question 12

Multiple Choice

Consider the following two FIs: Company A has $500 million in total assets and total costs equal to $200 million. Company B has $60 million in total assets and total costs equal to $24 million
-What are average costs for each FI?

• A) 0.40 for A and 2.50 for B.
• B) 2.50 for both A and B.
• C) 2.50 for A and 0.40 for B.
• D) 0.40 for both A and B.
• E) Insufficient information.