$$\begin{array} { | l | r | l | l | }
\hline & & \text { Assets } & \text { Liabilities and Net Worth } \
\hline \text { Stock Shares } & \$ 400 & & \
\hline \text { Reserves } & 40 & & \
\hline \text { Property } & 300 & & \
\hline \text { Securities } & 160 & & \
\hline \text { Loans } & 80 & & \
\hline \text { Demand Deposits } & 180 & & \
\hline
\end{array}$$ The ?gures in the table are for a single commercial bank. All ?gures are in thousands of dollars. This bank has liabilities and net worth totaling
A) $400 million.
B) $440 million.
C) $550 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 liabilities and net worth totaling
A) $400 million.
B) $440 million.
C) $550 million.
D) $580 million.

Quizplus · Accepted Answer

The total assets of the bank are calculated by adding up all the figures in the Assets column: $400 + $40 + $300 + $160 + $80 + $180 = $1160 thousand, or $1.16 million. Since a bank's assets must equal its liabilities and net worth, the total liabilities and net worth also total $1.16 million, which is not an option provided. However, the correct approach to find the answer should involve correctly adding the given figures, and it seems there's been a misunderstanding in interpreting the options as millions instead of thousands, or in the calculation process itself. The correct calculation should reflect the sum of assets or liabilities in thousands, and the options might need to be reconsidered based on the actual total calculated.

The ?Gures in the Table Are for a Single Commercial