A bank that has assets of $150 billion and a net worth of $30 billion must have Multiple Choice О liabilities of $30 billion. O liabilities of $120 billion. О excess reserves of $120 billion. excess reserves of $30 billion. < Prev 1 of 20 BcBook Next >

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter12: Money And Banking
Section: Chapter Questions
Problem 10E
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A bank that has assets of $150 billion and a net worth of $30 billion must have
Multiple Choice
О
liabilities of $30 billion.
O
liabilities of $120 billion.
О
excess reserves of $120 billion.
excess reserves of $30 billion.
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Transcribed Image Text:A bank that has assets of $150 billion and a net worth of $30 billion must have Multiple Choice О liabilities of $30 billion. O liabilities of $120 billion. О excess reserves of $120 billion. excess reserves of $30 billion. < Prev 1 of 20 BcBook Next >
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