For the following questions use the information in the followingtable.
-Given the information in Table 10.2,the banks' net worth is equal to:
A)$3,400.
B)-$2,000.
C)$2,000.
D)-$700.
E)not enough information

Question

For the following questions use the information in the followingtable. 
-Given the information in Table 10.2,the banks' net worth is equal to:
A)$3,400. 
B)-$2,000. 
C)$2,000. 
D)-$700. 
E)not enough information

Quizplus · Accepted Answer

Net worth is calculated as total assets minus total liabilities. According to the table, the banks' total assets equal $10,000 and their total liabilities equal $8,000. Therefore, their net worth is $2,000 (assets minus liabilities) which is answer choice C.

For the Following Questions Use the Information in the Followingtable