ABC banks liabilities are only deposits, below is some financial data total deposits 3,000,000 demand deposits 200,000 Earning Assets 3,050,000 Cash 80,000 interest income 217,0009 net interest income 118,000 reserve for loan losses 62,000 Calculate the Spread Select one: 3.00% NOT ENOUGH DATA TO ANSWER 3.58% 3.47% 3.17% 3.30
ABC banks liabilities are only deposits, below is some financial data total deposits 3,000,000 demand deposits 200,000 Earning Assets 3,050,000 Cash 80,000 interest income 217,0009 net interest income 118,000 reserve for loan losses 62,000 Calculate the Spread Select one: 3.00% NOT ENOUGH DATA TO ANSWER 3.58% 3.47% 3.17% 3.30
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC banks liabilities are only deposits, below is some financial data
total deposits 3,000,000
demand deposits 200,000
Earning Assets 3,050,000
Cash 80,000
interest income 217,0009
net interest income 118,000
reserve for loan losses 62,000
Calculate the Spread
Select one:
3.00%
NOT ENOUGH DATA TO ANSWER
3.58%
3.47%
3.17%
3.30
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