The provision for loan and lease losses a are the realized losses from the

The provision for loan and lease losses a are the

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41. The “provision for loan and lease losses”:a.are the realized losses from the previous accounting period.b.represents management’s estimate of potential lost revenue from bad loans.c.determined by the Federal Reserve for all banks. d.does not affect net income.e.is another name for a bank’s “burden.”42. A bank currently owns a municipal bond paying a tax-exempt rate of 6.5%. If thebanks marginal tax rate is 40%, what is the taxable equivalent yield?43. A bank currently owns a municipal bond paying a tax-exempt rate of 8%. If the banks marginal tax rate is 39%, what is the taxable equivalent yield?44. Net interest income is the difference between:
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45. Non-interest income includes all of the following except:a.monthly fee income on checking accounts.b.late fees on loans.c.trust income.d.insufficient funds service charges.e.all of the above are considered non-interest income.46. Non-interest expenses includes all of the following except:47. Total operating income is comparable to _________ for a non-financial firm.48. Net income is defined as:
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49. Total operating expense is comparable to _________ for a non-financial firm.a.salesb.cost of goods sold + other operating expensesc.interest expensed.earnings before taxese.net income50. A change in net interest income would occur when:
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