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
D
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If the economy is experiencing demand-pull inflation, then the appropriate government policy would be to shift the:
a. aggregate demand curve by using a tax increase coupled with spending cuts. b. aggregate demand curve by using a tax increase coupled with more spending. c. aggregate demand curve by using a tax cut coupled with spending cuts. d. aggregate demand curve by using a tax cut coupled with more spending. e. aggregate supply curve by using a tax cut coupled with spending cuts.
If interest rates rose more in Japan than in the U.S., then other things the same
a. U.S. citizens would buy more Japanese bonds and Japanese citizens would buy more U.S. bonds. b. U.S. citizens would buy more Japanese bonds and Japanese citizens would buy fewer U.S. bonds. c. U.S. citizens would buy fewer Japanese bonds and Japanese citizens would buy more U.S. bonds. d. U.S. citizens would buy fewer Japanese bonds and Japanese citizens would buy fewer U.S. bonds.
In European countries where it is hard to fire an employee:
A. employers are reluctant to hire workers. B. employers instead rely on undocumented transient workers. C. employers try hard to train workers well. D. employers often treat workers very poorly.
The gross public debt is the
A. total of all accumulated deficits and surpluses. B. amount of U.S. paper currency and coins in circulation. C. difference between current government expenditures and tax revenues. D. ratio of past deficits to past surpluses.