Macro National Bank, a commercial bank, holds $1 million in vault cash, $15 million in government and corporate bonds, $40 million in demand deposits, $10 million on deposit with a Federal Reserve bank, and $8 million worth of property. What are Macro National Bank's total liabilities?
a. $40 million
b. $48 million
c. $50 million
d. $51 million
e. $65 million
B
You might also like to view...
The circular flow model with government included would show that government
A. produces goods and services and sells them in the product market to generate net taxes. B. obtains revenues in the product market and uses it to cover costs in the resource market. C. controls economic resources and sells them in the resource market. D. provides goods and services to businesses and households and pays for them with net taxes.
Suppose the nation of Alphonia was charged with dumping electric lawnmowers in the nation of Omegalon. The result of Omegalon imposing anti-dumping tariffs on electric lawnmowers manufactured in Alphonia would most likely be
A) lower selling prices on electric lawnmowers in Alphonia. B) higher selling prices on electric lawnmowers in Omegalon. C) increased exports of electric lawnmowers from Alphonia. D) an increased market share for Alphonian-manufactured electric lawnmowers in Omegalon.
The use of sensitivity analysis will generally result in
A) the calculation of a certainty equivalent NPV. B) the calculation of a best case, a base case and a worst case. C) the calculation of the coefficient of variation. D) the calculation of the probability of the maximum profit.
Assume that the marginal propensity to save is 0.20 and that the economy is in equilibrium with aggregate expenditure equal to $4,000 billion. If aggregate expenditure falls to $3,500 billion, then the aggregate expenditure curve will shift
a. upward and national income will increase by $2,500 billion b. downward and national income will decrease by $2,500 billion c. upward and national income will increase by $100 billion d. downward and national income will decrease by $100 billion e. downward and national income will decrease by $100 billion