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    Financial Institution Management
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    Exam 15: Liability and Liquidity Management
  5. Question
    What Is the Average Implicit Interest Rate on a $100
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What Is the Average Implicit Interest Rate on a $100

Question 42

Question 42

Multiple Choice

What is the average implicit interest rate on a $100 000 account if the bank's average management costs are $2500 and annual fees average $1750?


A) 2.50 per cent
B) 1.75 per cent
C) 0.75 per cent
D) -0.75 per cent

Correct Answer:

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