Washington County has the following five banks in its market area: Bank Total Assets First National Bank
Question:
Washington County has the following five banks in its market area:
Bank | Total Assets | |
First National Bank | $1,200 | million |
Springfield Bank | $730 | million |
Third State Bank | $280 | million |
Georgetown Bank | $200 | million |
Second National Bank | $250 | million |
ALL BANKS | $2,660 | million |
What is the market share of the First National Bank?
Group of answer choices
7.52%
9.40%
10.53%
27.44%
45.11%
What is the Herfindahl-Hirschman Index for this market area?
Group of answer choices
1/5
5
3,044
6,000
11,000
If Georgetown Bank and Second National Bank merge, what would be the Herfindahl-Hirschman Index after the merger?
Group of answer choices
1/4
4
3,185
4,000
None of the options is correct
There are 5 banks in a particular market area all with a market share of 20 percent. What is the Herfindahl-Hirschman Index for this market area?
Group of answer choices
1,000
2,000
3,000
4,000
5,000
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young