Answered: A bank has reserves of $40, loans of…

A bank has reserves of $40, loans of $110, deposits of $90, and owners’ equity of $60. Which of the following represents the bank’s total assets? $180 $110 $130 $150

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Money, Banking And The Financial System

Section: Chapter Questions

Problem 3WNG

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Question

14.

. A bank has reserves of $40, loans of $110, deposits of $90, and owners’ equity of

$60. Which of the following represents the bank’s total assets?

$180
$110
$130
$150

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