Last visit was: 12 May 2026, 23:57 It is currently 12 May 2026, 23:57
Home
Messages
Tests
Schools
Events
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
Back to Forum
Create Topic
User avatar
Sajjad1994
User avatar
GRE Forum Moderator
Joined: 02 Nov 2016
Last visit: 12 May 2026
Posts: 16,741
Own Kudos:
52,119
 [12]
Given Kudos: 6,350
GPA: 3.62
Products:
GMAT Club Tests Forum Quiz
Posts: 16,741
Kudos: 52,119
 [12]
A local bank services a total of C clients. These clients can choose 17 Nov 2023, 10:31
1
Kudos
Add Kudos
11
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide Answer
Hide
Show
History
Total number of stock shares secured annually: CMS Average financial return per client: SR
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

Difficulty:

55% (hard)

Question Stats:

71% (02:54) correct 29% (03:14) wrong based on 802 sessions

History

Date
Time
Result
Not Attempted Yet
A local bank services a total of C clients. These clients can choose from a variety of investment options. M represents the percentage of clients who choose money market accounts as their primary investment type. For each client who invests funds in a money market account, the bank buys an average of S shares in financially reliable stock.

Assume the average return per share is R. In the table, select the expression that represents the total number of stock shares the bank must secure annually to support its current money-market-account client base, and then select the expression that represents the average monetary value of a single client's annual return on his or her money-market-account investment. Make only two selections, one in each column.
Total number of stock shares secured annually Average financial return per client
CSR/M
CMS
CS/(1+M)
CSR
SR
C/M
Submit Answer
Start the Timer above, select the radio buttons, and click "Submit" to add this question to your Error log.
ShowHide Answer
Official Answer
Total number of stock shares secured annually: CMS Average financial return per client: SR
Most Helpful Reply
User avatar
Purnank
User avatar
Joined: 05 Jan 2024
Last visit: 29 Apr 2026
Posts: 680
Own Kudos:
621
 [5]
Given Kudos: 167
Location: India
Concentration: General Management, Strategy
GMAT Focus 1: 635 Q88 V76 DI80
Products:
My Reviews
GMAT Focus 1: 635 Q88 V76 DI80
Posts: 680
Kudos: 621
 [5]
A local bank services a total of C clients. These clients can choose 30 Jun 2024, 12:20
5
Kudos
Add Kudos
Bookmarks
Bookmark this Post
rks007
Here percentage is creating bit confusion...is there any difference between percent and percentage??
Show more
­I think same issue here,
If they say from C M% people investing in money market then number of customers investing in money market should be equal to C*M/100 
and for each of them they are buying avg of S shares therefore Total number of shares bank must secure should be C*M*S/100
Hope you are also approaching in same way..
General Discussion
avatar
Ash381
avatar
Joined: 16 Jan 2023
Last visit: 12 May 2025
Posts: 20
Own Kudos:
49
 [1]
Given Kudos: 8
Location: India
Concentration: General Management, Technology
GMAT Focus 1: 695 Q88 V84 DI82
GPA: 9.37
Products:
My Reviews
GMAT Focus 1: 695 Q88 V84 DI82
Posts: 20
Kudos: 49
 [1]
A local bank services a total of C clients. These clients can choose 20 Nov 2023, 19:15
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Sajjad1994
Data Insights (DI) Butler 2023-24 [Question #119, Date: Nov-17-2023] [Click here for Details]

A local bank services a total of C clients. These clients can choose from a variety of investment options. M represents the percentage of clients who choose money market accounts as their primary investment type. For each client who invests funds in a money market account, the bank buys an average of S shares in financially reliable stock.

Assume the average return per share is R. In the table, select the expression that represents the total number of stock shares the bank must secure annually to support its current money-market-account client base, and then select the expression that represents the average monetary value of a single client's annual return on his or her money-market-account investment. Make only two selections, one in each column.
Show more



Question 1: find total number of shares the bank must secure:

According to question: C = Clients , M ="%" of clients who invest in Money market account , S = number of share for each money market account.

To find the total number of shares we need to find the number of clients and multiply with number of shares for each account.
Therefore, C*M = Number of clients who invest in Money market account
Final answer , C*M*S

Question 2: Find average financial return per client:

According to the question, average return per share is R while S = average number of share for each account.

Therefore, To find financial return per client, we simply multiply these .
Final Answer, R*S
User avatar
rks007
User avatar
Joined: 11 May 2017
Last visit: 28 Feb 2025
Posts: 4
Own Kudos:
1
 [1]
Given Kudos: 77
Posts: 4
Kudos: 1
 [1]
A local bank services a total of C clients. These clients can choose 30 Mar 2024, 02:46
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Here percentage is creating bit confusion...is there any difference between percent and percentage??
User avatar
Adit_
User avatar
Joined: 04 Jun 2024
Last visit: 11 May 2026
Posts: 816
Own Kudos:
266
Given Kudos: 136
Products:
GMAT Club Tests
Posts: 816
Kudos: 266
A local bank services a total of C clients. These clients can choose 03 Apr 2026, 07:51
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Average of S shares = Total Shares / Total ppl investing in that type
S = Total / CM
Total = CMS.
Thus that is for first part.

Avg return per client = Avg return per share * Total shares / Total client
= R*CMS/CM
= SR.
Thus that is for second part.

_____________________________

I was however confused that M% was inclusive of the decimal and not M itself. Is that how it should be?

Sajjad1994
A local bank services a total of C clients. These clients can choose from a variety of investment options. M represents the percentage of clients who choose money market accounts as their primary investment type. For each client who invests funds in a money market account, the bank buys an average of S shares in financially reliable stock.

Assume the average return per share is R. In the table, select the expression that represents the total number of stock shares the bank must secure annually to support its current money-market-account client base, and then select the expression that represents the average monetary value of a single client's annual return on his or her money-market-account investment. Make only two selections, one in each column.
Show more
Moderators:
Bunuel
Math Expert
110322 posts
kingbucky
498 posts
Gmat860sanskar
242 posts