The Table Shows Items and ?Gures Taken from a Consolidated

question 74

Multiple Choice

$$\begin{array} { | l | c | } \hline { \text { Item in Balance Sheet } } & \text { Amount } \\\hline \text { 1) Treasury Deposits } & \$ 7 \\\hline \text { 2) Reserves of Commercial Banks } & 31 \\\hline \text { 3) Federal Reserve Notes } & 275 \\\hline \text { 4) Loans to Commercial Banks } & 1 \\\hline \text { 5) All Other Assets } & 64 \\\hline \text { 6) Securities } & 255 \\\hline \text { 7) All Other Liabilities and Net Worth } & 7 \\\hline\end{array}$$ The table shows items and ?gures taken from a consolidated balance sheet of the 12 Federal Reserve Banks. All ?gures are in billions of dollars. In this balance sheet, there would be assets of

• A) $246 billion.
• B) $313 billion.
• C) $320 billion.
• D) $387 billion.

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Definitions:

Written Confirmation

A documented acknowledgment that verifies and details the contents of a previous agreement or conversation.

Binding Agreement

A legal contract or decision that is enforceable in a court of law between two or more parties.

Merchant

An individual or business that sells goods or services in a commercial transaction.

Commercial Fisherman's Coop

A cooperative organization established by commercial fishermen to provide mutual benefits such as marketing, purchasing supplies, and advocating for fishermen's interests.