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You Know the Following Information About the Miller State Bank

Question 84

Multiple Choice

You know the following information about the Miller State Bank:  Gross loans $300 Miscellaneous assets 50 Deposits 390 Total equity 50 Common stock par 5 Non-deposit borrowings 60 Investment securities 150 Net premises 40 Surplus 5 Allowance for loan losses 50 Total assets 500 Gross premises 70\begin{array} { l r } \text { Gross loans } & \$ 300 \\\text { Miscellaneous assets } & 50 \\\text { Deposits } & 390 \\\text { Total equity } & 50 \\\text { Common stock par } & 5 \\\text { Non-deposit borrowings } & 60 \\\text { Investment securities } & 150 \\\text { Net premises } & 40 \\\text { Surplus } & 5 \\\text { Allowance for loan losses } & 50 \\\text { Total assets } & 500 \\\text { Gross premises } & 70\end{array}
Given this information,what is the value of this firm's total liabilities plus equity?


A) $250
B) $450
C) $150
D) $50
E) $500

Correct Answer:

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