Net interest margin-often referred to as spread-is the difference between the rate banks pay on deposits and
Question:
a. Find the probability that a randomly selected U.S. bank will have a net interest margin that exceeds 5.40 percent.
b. Find the probability that a randomly selected U.S. bank will have a net interest margin less than 4.40 percent.
c. A bank wants its net interest margin to be less than the net interest margins of 95 percent of all U.S. banks. Where should the bank's net interest margin be set?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Statistics In Practice
ISBN: 9780073401836
6th Edition
Authors: Bruce Bowerman, Richard O'Connell
Question Posted: