The assets and liabilities of Finacle Bank as on December 31,2015,are as follows:
$20,000 of short-term securities issued by governments and private borrowers (about to mature),$12,000 of borrowings from the money market,$15,000 of short-term savings accounts,$12,000 of variable-rate loans and securities,$18,000 of long-term loans made at a fixed interest rate,$25,000 of long-term savings and retirement accounts,$22,000 of deposits in the Central Bank (held as legal reserves),$550,000 of equity capital provided by the bank's owners,and $500,000 of building and equipment.
What is the total of repriceable assets held by the bank as on December 31,2015?
A)$32,000
B)$50,000
C)$45,000
D)$55,000
E)$52,000

Question

Quizplus · Accepted Answer

Repriceable assets are those assets whose value changes in response to changes in interest rates. In this case, the repriceable assets are the short-term securities, borrowings from the money market, short-term savings accounts, variable-rate loans and securities, and long-term loans made at a fixed interest rate. The total of these assets is $32,000.

The Assets and Liabilities of Finacle Bank as on December