Which of the Following Is Not Considered a Non-Interest Expense

question 8

Multiple Choice

Which of the following is not considered a non-interest expense?

• A) Wages and salaries
• B) Rent
• C) Required reserves held at the Federal Reserve
• D) Electricity
• E) Employee benefits

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Definitions:

Unearned Revenues

Income received by a company for goods or services to be provided in the future, which is recorded as a liability until earned.

Liabilities

Financial obligations or debts owed by a business or individual to creditors.

Revenue Earned

Income a company receives from its normal business activities, usually from the sale of goods and services to customers.

Financial Statements

Documents that summarize the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.