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The Total Operating Cost of Producing Services Is $125 000

Question 67

Multiple Choice

The total operating cost of producing services is $125 000 for a loan volume of $12 500 000. What is the average cost of loan production for the bank?


A) 0.1 per cent
B) 1 per cent
C) 10 per cent
D) 100 per cent

Correct Answer:

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