Calculation of output: the case of banks - The following are the simplified data for a bank in so.sh: foreign exchange commissions: 3,298,000; stock-market trad ing commissions: 2,343,000; interest received: 35,785,000; interest paid: 20,465,000; purchases of materials: 3,452,000; purchases of IT consultancy services: 3,289,000; purchases of software: 1,259,000; inventory of materials at the start of the period: 742,000; inventory of materials at the end of the period: 386,000.
Calculation of output: the case of banks - The following are the simplified data for a bank in so.sh: foreign exchange commissions: 3,298,000; stock-market trad ing commissions: 2,343,000; interest received: 35,785,000; interest paid: 20,465,000; purchases of materials: 3,452,000; purchases of IT consultancy services: 3,289,000; purchases of software: 1,259,000; inventory of materials at the start of the period: 742,000; inventory of materials at the end of the period: 386,000.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Calculation of output: the case of banks - The following are the simplified data for a bank in so.sh: foreign exchange commissions: 3,298,000; stock-market trad ing commissions: 2,343,000; interest received: 35,785,000; interest paid: 20,465,000; purchases of materials: 3,452,000; purchases of IT consultancy services: 3,289,000; purchases of software: 1,259,000; inventory of materials at the start of the period: 742,000; inventory of materials at the end of the period: 386,000. Calculate the out
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