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Consider a bank with the following income statement: It has $100 in loans with an interest rate of 5 percent; $50 in security holdings, paying
Consider a bank with the following income statement: It has $100 in loans with an interest rate of 5 percent; $50 in security holdings, paying 10 percent; noninterest income of $10; $100 in savings accounts that have an interest rate of 2.5 percent; and other expenses of $15. What is this bank's total income?
a) | $20 |
b) | $2.50 |
c) | $160 |
d) | $17.50 |
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