As of the 2014,non-interest expense was approximately 10 times larger than interest expense for all FDIC insured banks.

Question

Quizplus · Accepted Answer

This statement is true according to the FDIC's Quarterly Banking Profile for the fourth quarter of 2014. Non-interest expenses for all FDIC insured banks totaled $165.1 billion, while interest expenses totaled $16.9 billion, making non-interest expenses approximately 10 times larger.

As of the 2014,non-Interest Expense Was Approximately 10 Times Larger