Refer to the information provided in Table 10.1 below to answer the questions that follow.
Table 10.1
-Refer to Table 10.1. First Charter Bank's total assets are
A) $400.
B) $800.
C) $1,200.
D) $2,400.

Question

Refer to the information provided in Table 10.1 below to answer the questions that follow.
Table 10.1 
-Refer to Table 10.1. First Charter Bank's total assets are
A) $400. 
B) $800. 
C) $1,200. 
D) $2,400.

Quizplus · Accepted Answer

Total assets are the sum of total deposits and total loans, which in this case are $600 and $600 respectively. Thus, total assets are $1,200 (600+600).

Refer to the Information Provided in Table 10