As of the first quarter 2012, non-interest expense was approximately 640 percent larger than interest expense for all FDIC insured banks.

Question

Quizplus · Accepted Answer

This statement is true. Non-interest expenses include salaries, rent, and other operating costs, while interest expenses refer to the interest paid on deposits and borrowings. Non-interest expenses are typically much larger than interest expenses for banks.

As of the First Quarter 2012, Non-Interest Expense Was Approximately