Dorchester County has the following five banks in its market area:
$\begin{array} { l c }
\text { Bank } & \text { Total Assets } \
\text { First National Bank, NA } & \$ 1,500 \text { million } \
\text { Dorehester County Bank } & \$ 750 \text { million } \
\text { First State Bank } & \$ 500 \text { million } \
\text { Summerfield Bank } & \$ 250 \text { million } \
\text { Charlestown Bank } & \$ 250 \text { million } \
\text { All Banks } & \$ 3,250 \text { million }
\end{array}$
-What is the market share of the First National Bank?

Question

Dorchester County has the following five banks in its market area:
$\begin{array} { l c } 
\text { Bank } & \text { Total Assets } \
\text { First National Bank, NA } & \$ 1,500 \text { million } \
\text { Dorehester County Bank } & \$ 750 \text { million } \
\text { First State Bank } & \$ 500 \text { million } \
\text { Summerfield Bank } & \$ 250 \text { million } \
\text { Charlestown Bank } & \$ 250 \text { million } \
\text { All Banks } & \$ 3,250 \text { million }
\end{array}$
-What is the market share of the First National Bank?

Quizplus · Accepted Answer

To calculate the market share of First National Bank, we need to divide its total deposits by the total deposits of all banks in the market area.

First National Bank's deposits = $70,000,000

Total deposits of all banks = $151,500,000

Market share of First National Bank = ($70,000,000 ÷ $151,500,000) x 100% = 46.15%

Therefore, the correct answer is C.

Dorchester County Has the Following Five Banks in Its Market