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The total operating cost of producing services is $125 000 for a loan volume of $12 500 000.What is the average cost of loan production for the bank?
Bankruptcy
A legal status of a person or entity that cannot repay debts to creditors and seeks relief through court proceedings.
Small Businesses
Enterprises characterized by smaller scale operations, fewer employees, and less revenue compared to larger corporations.
Primary Types
The fundamental categories or main forms within a broader classification.
Patents
Legal documents granting an inventor exclusive rights to produce, use, and sell an invention for a certain period of time.
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