Answer the next question based on the following balance sheet for the First National Bank. Assume the reserve ratio is 15 percent.AssetsLiabilities & Net WorthReserves$50,000 Checkable Deposits$120,000Loans75,000 Stock Shares130,000Securities25,000 Property100,000?Refer to the above data. This bank can make new loans of up to:
A. $32,000.
B. $41,000.
C. $50,000.
D. $27,000.
Answer: A
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Answer the following statements true (T) or false (F)
1) All else equal, a cartel sets the price higher and produces less than in a competitive market. 2) Each firm in a cartel has an incentive to cheat on the agreement and produce less than the bargained amount. 3) Firms in a cartel produce a quantity at which marginal revenue exceeds marginal cost. 4) If new firms enter a cartel market, the cartel can either incorporate the new firms into the agreement or exclude them, but regardless of inclusion or exclusion, the probability that the cartel will survive decreases. 5) In order to sustain a cartel, members are required to sign binding contracts.
Which of the following countries has lower total government tax revenue as a percentage of GDP than the United States?
a. Canada b. Germany c. Sweden d. Mexico
Which of the following represents the ratio of coupon payments to the face value of a bond?
A) the interest rate B) the discount rate C) the coupon rate D) the risk premium E) the current yield
Selection bias can distort the results of research studies.
Answer the following statement true (T) or false (F)