Because banking is very __________-intensive, a bank generally becomes successful if it can __________ the ratio of salary and wages to total assets.

Question

Quizplus · Accepted Answer

Banking is labor-intensive because banks require a significant number of employees to manage customer accounts, process transactions, and provide customer service. Therefore, to become successful, a bank should aim to lower the ratio of salary and wages to total assets. This means that they need to find ways to reduce labor costs or increase their assets without increasing their labor force. Lowering labor costs can be done by automating processes, outsourcing some tasks, or finding ways to be more efficient.

Because Banking Is Very __________-Intensive, a Bank Generally Becomes Successful