Use the Following Information for Questions
1 St

question 1

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 efficiency ratio?

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, evokes a conditioned response.

Immediate Reinforcer

A reward or punishment that follows an action directly and increases the likelihood of the behavior repeating.

Unconditioned Stimulus

In behavioral psychology, a stimulus that naturally and automatically triggers a response without the need for prior learning.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, before conditioning associates it with an unconditioned stimulus.