If a banks' assets are $75 million, and its liabilities are $45 million, then we can say the
A) bank's net worth is $120 million
B) bank's net worth is $30 million
C) bank should be making fewer loans
D) bank should be closed

Question

Quizplus · Accepted Answer

The bank's net worth is calculated by subtracting its liabilities from its assets. Therefore, $75 million - $45 million = $30 million.

If a Banks' Assets Are $75 Million, and Its Liabilities