For most banks, which of the following is the largest component of non-interest expense?

Question

Quizplus · Accepted Answer

Personnel expenses, including salaries, benefits, and bonuses, are typically the largest component of non-interest expenses for banks. This is because banks rely heavily on their employees to provide services and generate revenue. Other expenses, such as rent, required reserves, electricity, and depreciation, may also be significant, but they are generally not as large as personnel expenses.

For Most Banks, Which of the Following Is the Largest