16-4 As of the first quarter 2009,non-interest expense was 250 percent larger than interest expense for all FDIC insured banks.

Question

Quizplus · Accepted Answer

This statement is true according to the FDIC Quarterly Banking Profile for the first quarter of 2009. The report shows that the total non-interest expense for all FDIC insured banks was $129.2 billion, while the total interest expense was $52 billion, making the non-interest expense 250% larger.

16-4 as of the First Quarter 2009,non-Interest Expense Was 250