Which of the Following Is an Advantage of Forming a Bank

question 23

Multiple Choice

Which of the following is an advantage of forming a bank holding company?

• A) It allows ownership of several banks where branching is prohibited.
• B) It allows owners to engage in activities related to banking that are prohibited to banks.
• C) Both A and B of the above.
• D) None of the above.

---

Definitions:

Monthly Advertising Budget

The allocated amount of spending for advertising activities planned for a month.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit but before interest and taxes.

Sales Volume

The total number of units of a product or service sold during a specific period.

Variable Expenses

Expenses that vary depending on the amount of products made or the volume of sales transactions.