All but which one of the following is an example of noninterest income or noninterest expense?...
All but which one of the following is an example of noninterest income or noninterest expense?
Multiple Choice
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Salaries and benefits paid to employees
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Income from trust services
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Earnings on securities held for investment
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Income from service charges on deposits
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Gains and losses from trading account assets
Homework Answers
Ans: Earnings on securities held for investment.
Explanation:
Interest income means income earned in terms of interest and interest expenses means expenses made in terms of interest. So earnings on securities held for investment is an example of noninterest income or noninterest expense.
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