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Sajjad1994
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A local bank services a total of C clients. These clients can choose 17 Nov 2023, 10:31
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Total number of stock shares secured annually: CMS Average financial return per client: SR
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55% (hard)

Question Stats:

71% (02:53) correct 29% (03:12) wrong based on 774 sessions

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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
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Total number of stock shares secured annually: CMS Average financial return per client: SR
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A local bank services a total of C clients. These clients can choose 20 Nov 2023, 19:15
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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.
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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
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A local bank services a total of C clients. These clients can choose 30 Mar 2024, 02:46
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Here percentage is creating bit confusion...is there any difference between percent and percentage??
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A local bank services a total of C clients. These clients can choose 30 Jun 2024, 12:20
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rks007
Here percentage is creating bit confusion...is there any difference between percent and percentage??
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­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..
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A local bank services a total of C clients. These clients can choose 03 Apr 2026, 07:51
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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.
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