4-80 As of mid-year 2009,approximately ________ of the industry total brokerage fee income was generated by firms operating as subsidiaries of commercial bank holding companies.

Question

Quizplus · Accepted Answer

According to the information provided in the question, it can be inferred that the total brokerage fee income generated by firms operating as subsidiaries of commercial bank holding companies was approximately 80% of the industry total brokerage fee income. Therefore, if we assume the total industry brokerage fee income to be $20.5 billion, then 80% of that would be $16.4 billion. So, the correct answer is D) $16.4 billion.

4-80 as of Mid-Year 2009,approximately ________ of the Industry Total