Multiple Choice
Bad Bank buys the bad loans for $232. The proceeds of the loan sale are used by Good Bank to pay off purchased funds.
-If the proceeds of the loan sale are used to pay off purchased funds, what will be the balance of the purchased funds for Good Bank after the transaction?
A) $1,200.
B) $232.
C) $132.
D) $68.
E) $0.
Correct Answer:
Verified
Related Questions
Q84: Q84: Banks and other FIs sell loans because Q85: The move toward market value accounting Q87: Which of the following is a reason Q88: Loan sales by foreign banks
A)increases banks'
A)are forbidden in
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