Macro National Bank,a commercial bank,holds $1 million in vault cash,$15 million in government and corporate bonds,$40 million in demand deposits,$10 million on deposit with a Federal Reserve bank,and $8 million worth of property.What are Macro National Bank's total liabilities?
A) $40 million
B) $48 million
C) $50 million
D) $51 million
E) $65 million
Correct Answer:
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