Consider a bank with assets of $240 billion and capital of $36 billion. If the bank earns a profit of 24, what is their return on assets? (Giver your answer as a percentage, rounded to two decimal places; e.g., 10.89 for 10.89%)
Consider a bank with assets of $240 billion and capital of $36 billion. If the bank earns a profit of 24, what is their return on assets? (Giver your answer as a percentage, rounded to two decimal places; e.g., 10.89 for 10.89%)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Money And The Banking System
Section: Chapter Questions
Problem 1CQ
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