Suppose a Bank Has Total Assets of $300 Million and a Net

question 230

Multiple Choice

Suppose a bank has total assets of $300 million and a net worth of $15 million.Its demand deposit liabilities must be equal to

• A) $20 million
• B) $315 million
• C) $0.05 million
• D) $285 million
• E) $585 million.

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Definitions:

Fourth Amendment

Part of the U.S. Constitution that protects individuals against unreasonable searches and seizures by the government.

U.S. Constitution

The foundational document of the United States government, outlining the structure, functions, and powers of its three branches and the rights of its citizens.

Duress

Compulsion by threat or force; coercion that makes someone act against their will.

Skim Company Funds

The unauthorized diversion of company funds, typically for personal use, which is illegal and unethical.