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Question
The Fred National Bank is planning to add a branch office on the west side of town. The bank has done a survey and has discovered that the mean household income in the area is $76,000 per year. Which factor would this address when considering whether to add a new branch?
A. Number of retail shops
B. Average income level of households
C. Ratio of population to branches
D. Number of service facilities operated by financial service competitors
E. Population density
Answer
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