A bank that has liabilities of $150 billion and a net worth of $20 billion must have:
A. excess reserves of $130 billion.
B. assets of $150 billion.
C. excess reserves of $150 billion.
D. assets of $170 billion.
D. assets of $170 billion.
You might also like to view...
Fact: The lowest 20% of U.S. family incomes in the U.S. has fallen from 4.8% to 3.8% between 1960 and 2010. Your authors argue that
A) this is clear evidence that the poor have gotten poorer. B) this is primarily the result of a general decline of the power of labor unions in America. C) while their percentage of national income has fallen, real GDP has increased over 4 times during the past 50 years, and so those persons actually earned much more income than before. D) none of the above are true.
The value of one more unit of a good or service is its marginal benefit
Indicate whether the statement is true or false
After John discovered he had a serious illness, he immediately purchased health insurance without disclosing his illness to the insurance company. This is an example of adverse selection
a. True b. False Indicate whether the statement is true or false
Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
If Straker Industries produces 12 units of output, what is estimated total variable cost (TVC)?
A. $1,348 B. $171.40 C. $463.20 D. $2,348