First National Bank has new loan requests of $175 million,needs to purchase $50 million in U.S.Treasury securities to meet pledging requirements,and anticipates draws against credit lines of $45 million.Deposits received today total $140 million and the bank expects to bring in an additional $230 million next week.What is First National's estimated funds gap for the coming week?
A) $225 million.
B) -$145 million.
C) $135 million.
D) -$100 million.
E) None of the options is correct.
Correct Answer:
Verified
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