Question 7 (1 point) For a bank, which of the following is not relevant to the calculation of its net interest income? Average cost of funding. Average interest rate charged on loans. Fees and commissions charged on new loans. Volume of interest bearing loans. Question 8 (1 point) Which of the following statements about 'mark to market' accounting is true? Assets designated as 'held to maturity' are always reported at face value. Derivatives do not have to be marked to market but can be reported in 'Other Comprehensive Income! Items designated as 'fair value through profit and loss' must be marked to market 'Mark to market' treatment only applies to assets. Assets of 2,000 Net interest income of 60 A cost income ratio of 40% Impairment provision expense of 10 Equity of 160 If the bank pays tax at a rate of 20.0% of pre-tax profit, what is the bank's return on equity? 1.04% 13.00% 16.25%. 18.00%