If a bank has $950,000 million in liabilities and $50,000 in net worth, its assets must equal _____
A) $50,000.
B) $1,050,000.
C) $50,000,000.
D) $1,000,000.
E) $950,000.
Correct Answer:
Verified
Q21: Suppose a bank has $8,000 in checkable
Q22: Suppose a bank has $6,000 in checkable
Q23: A bank's net worth is:
A)equal to assets
Q28: Which of the following is true of
Q35: If the required reserve ratio is 20
Q41: On a bank's balance sheet, the value
Q42: Which of the following is a liability
Q43: Suppose the First National Bank acquires $1,000,000
Q48: If the required reserve ratio is 10
Q50: Banks earn a profit on the difference
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents