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Question
Consider the following two FIs: Company A has $500 million in total assets and total costs equal to $200 million. Company B has $60 million in total assets and total costs equal to $24 million.
What are average costs for each FI?
A. 0.40 for A and 2.50 for B.
B. 2.50 for both A and B.
C. 2.50 for A and 0.40 for B.
D. 0.40 for both A and B.
E. Insufficient information.
Answer
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