Base your answers on the following document, FORM 10-Q, For the quarterly period ended March 31, 2020,
Fantastic news! We've Found the answer you've been seeking!
Question:
Base your answers on the following document, FORM 10-Q, For the quarterly period ended March 31, 2020, DIME COMMUNITY BANCSHARES, INC. https://www.sec.gov/Archives/edgar/data/1005409/000114036120011124/form10q.htm#CHANGESINSTOCKHOLDERSEQUI
According to the management of Dime Community Bancshares the reduction in the federal funds rate in response to the COVID-19 crisis will make the bank more profitable as the cost of funds declines.
True or false?
Posted Date: