What Percentage of the Money That a Typical Modern Bank

question 181

Multiple Choice

What percentage of the money that a typical modern bank invests comes from borrowing?

• A) about 50 percent
• B) about 33 percent
• C) about 75 percent
• D) about 95 percent

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Definitions:

Equity

The fair and impartial treatment in justice or the value of ownership interest in a property after debts are subtracted.

Means Test

A method for determining eligibility for certain types of financial assistance based on the individual's income and assets.

Median Income

The middle value of income in a given population, wherein half of the population earns more and half earns less.

Chapter 7 Bankruptcy

A provision of bankruptcy law that allows individuals and businesses to discharge their debts by liquidating assets, providing a fresh start.