Use the Following Information for Questions
1 St

question 2

Multiple Choice

Use the following information for questions
1 st State Bank Balance Sheet Assets
$\begin{array}{lrr}\text { Cash and Due from Banks } & \$ & 75 \\\text { Investments } & \$ & 400 \\\text { Federal Funds } & \$ & 18 \\\text { Loans } & \$ & 402 \\\text { Premises } & \$ & 105\\\text { Average Total Assets }&\$&1,000\\\\\text { Liabilities \& Equity }\\\text { Demand Deposits } & \$ & 150 \\\text { Time Deposits } & \$ & 325 \\\text { Federal Funds } & \$ & 425 \\\text { Equity } & \$ & 100\\\text { Average Total Liabilities \& Equity }&\$&1,000\\\\\text { Income Statement }\\\text { Interest Income } & \$ & 150 \\\text { Interest Expense } & \$ & 110 \\\text { Non-Interest Income } & \$ & 11 \\\text { Non-Interest Expense } & \$ &38\\\text { Net Income }&\$&13\end{array}$
-What is 1^st State's net interest margin?

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Definitions:

Class Adaptation

The ways in which different social classes respond to and cope with the structural and cultural conditions of their society.

Social Upheaval

Refers to a significant change or disturbance in society, often characterized by widespread social movements, protests, and changes in governmental or societal structure.

Social Classes

Categorizations of society based on various factors including wealth, income, occupation, and education, influencing people's opportunities and life experiences.

Cultural Tastes

The preferences and inclinations that individuals or groups have towards art, food, entertainment, and other cultural expressions, often shaped by social, economic, and environmental factors.