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:

Applied Sociology

A branch of sociology that seeks to apply sociological theories and methods to solve practical social problems.

Sociological Research

The systematic study of social behaviors, societies, and phenomena to understand human interactions and social structure.

Social Problems

Challenges or issues within society that are recognized as detrimental to individuals, communities, or the environment, prompting the need for reform or intervention.

Structural Functionalism

A theoretical framework in sociology that views society as a complex system whose parts work together to promote solidarity and stability.