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Question 278

Multiple Choice

Use the following to answer questions:
First National Bank has $80 million in chequable deposits,$15 million in deposits with the Bank of Canada,$5 million cash in the bank vault,and $5 million in government bonds.
-(Scenario: First National Bank) Refer to Scenario: First National Bank.The bank has liabilities of:


A) $105 million.
B) $95 million.
C) $80 million.
D) $100 million.

Correct Answer:

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