A bank's net worth is equal to its
A. liabilities minus its assets.
B. profits plus its assets.
C. assets plus its liabilities.
D. assets minus its liabilities.
Answer: D
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Assume the central bank lowers the discount rate. What is the net effect on the unemployment rate (assume fixed exchange rates)? Answer assuming all the adjustments have worked their way through the macroeconomic system, and it is in equilibrium
a. The unemployment rate rises. b. The unemployment rate falls. c. The unemployment is not affected. d. The change in the unemployment rate depends on the degree of international capital mobility.
Which of the following would tend to lessen the wage gap between a country's skilled and unskilled workers?
a. technology increases the productivity of unskilled workers more than that of skilled workers b. the country increases trade with countries that have a higher proportion of skilled workers c. both A and B d. neither A nor B
The potential rewards that are available to an individual if a particular activity is undertaken are known as
A. intrinsic values. B. irrational thought processes. C. greed. D. incentives.
A Big Mac costs $4.00 in the United States and 9.00 reals in Brazil. If the exchange rate is 2 reals per dollar, what is the dollar cost of a Big Mac in Brazil?
A) $0.89 B) $2.25 C) $4.50 D) $8.00