All but Which One of the Following Is an Example

question 36

Multiple Choice

All but which one of the following is an example of noninterest income or noninterest expense?

• A)Income from service charges on deposits
• B)Income from trust services
• C)Gains and losses from trading account assets
• D)Earnings on securities held for investment
• E)Salaries and benefits paid to employees

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Definitions:

Puma Company

A global athletic and footwear brand known for its sports and lifestyle products.

Return on Total Assets

A financial ratio indicating the profitability of a company relative to its total assets, showing how efficiently assets are used to generate profit.

Ending Balance

The amount of money remaining in an account at the end of an accounting period, after all transactions have been accounted for.

Average Balance

The average balance is a calculation to determine the average amount in an account over a specific time period, often used to assess account fees or for financial requirements.