The Average Implicit Interest Rate Can Be Calculated as Follows

question 23

Multiple Choice

The average implicit interest rate can be calculated as follows: the difference between an FI's average ....

• A)management costs per account per year and the average fees earned per account per year, multiplied by the average annual size of the account
• B)management costs per account per year and the average fees earned per account per year, divided by the average annual size of the account
• C)fees earned per account per year and average management costs per account per year, multiplied by the average annual size of the account
• D)fees earned per account per year and average management costs per account per year, divided by the average annual size of the account

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