The Following Table Shows Data for Total Assets ($ Billion)

question 9

Multiple Choice

The following table shows data for total assets ($ billion) for a small sample of U.S.banks (late 2013) .

The mean for the total assets data ($ billion) is ________________________ .

• A)$78.3
• B)$56.3
• C)$85.6
• D)$120.5
• E)$42.4

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Definitions:

Cash Surpluses

Occurs when a company has more cash inflow than outflow, leading to excess liquidity.

Liquidity

The simplicity of turning an asset into cash without impacting its market value.

Money Market

A segment of the financial market where short-term financial instruments with high liquidity and short maturities are traded.

Float Motive

The rationale for holding money in transaction accounts to satisfy daily operational cash flow needs.