$$\begin{array} { | l | r | l | l | }
\hline & & \text { Assets } & \text { Liabilities and Net Worth } \
\hline \text { Stock Shares } & \$ 400 & & \
\hline \text { Reserves } & 40 & & \
\hline \text { Property } & 300 & & \
\hline \text { Securities } & 160 & & \
\hline \text { Loans } & 80 & & \
\hline \text { Demand Deposits } & 180 & & \
\hline
\end{array}$$ The ?gures in the table are for a single commercial bank. All ?gures are in thousands of dollars. This bank has total assets of
A) $340 million.
B) $440 million.
C) $520 million.
D) $580 million.

Question

$$\begin{array} { | l | r | l | l | } 
\hline & & \text { Assets } & \text { Liabilities and Net Worth } \
\hline \text { Stock Shares } & \$ 400 & & \
\hline \text { Reserves } & 40 & & \
\hline \text { Property } & 300 & & \
\hline \text { Securities } & 160 & & \
\hline \text { Loans } & 80 & & \
\hline \text { Demand Deposits } & 180 & & \
\hline
\end{array}$$ The ?gures in the table are for a single commercial bank. All ?gures are in thousands of dollars. This bank has total assets of
A) $340 million.
B) $440 million.
C) $520 million.
D) $580 million.

Quizplus · Accepted Answer

To find the total assets, add up all the figures listed under the Assets column: $400 (Stock Shares) + $40 (Reserves) + $300 (Property) + $160 (Securities) + $80 (Loans) + $180 (Demand Deposits) = $1160 thousand, or $1.16 million. However, the Demand Deposits should not be counted as assets; they are liabilities. Correct calculation without Demand Deposits: $400 + $40 + $300 + $160 + $80 = $980 thousand, or $0.98 million. The error in the calculation was noted, but the provided options do not match the corrected calculation. The intention seems to calculate total assets, which would be $980 thousand without Demand Deposits, but given the options and the mistake in including Demand Deposits, none of the answers accurately reflect this corrected total. The explanation points out the mistake in the initial calculation process.

The ?Gures in the Table Are for a Single Commercial