Solved

A Bank Has $390 Million in Assets and $330 Million

Question 11

Multiple Choice

A bank has $390 million in assets and $330 million in liabilities.The bank's net worth is _____________ million and its leverage ratio is __________________.


A) $360;1.08 to 1
B) $60;0.15 to 1
C) $40;3.75 to 1
D) $60;6.5 to 1

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents