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Provide a breakdown of a banking institution's sources of revenue and categories of expenses.

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elenawhite
elenawhite elenawhite
  • 13-01-2022

Answer : A bank receives revenue from two sources- interest payments to the bank from those who have received bank loans, and other fees and charges imposed by the bank. Banks have four main categories of expenses- interest payments to depositors; loans that are not repaid; operating costs of employees, office space and equipment; and taxes.

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