Suppose the assets of the Silver Lode Bank are $ 100,000 higher than on the previous day and its net worth is up $ 20,000. By how much and in what direction must its liabilities have changed from the day before?

Suppose the assets of the Silver Lode Bank are $ 100,000 higher than on the previous day and its net worth is up $ 20,000. By how much and in what direction must its liabilities have changed from the day before?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Monetary System

Section: Chapter Questions

Problem 4CQQ

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