What is the leverage implied by the bank balance sheet listed below?
Definitions:
Promissory Note
A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Maker
In financial terms, the party that issues or creates an instrument, such as a check or promissory note, effectively promising to pay the amount specified.
Credit Sales
refers to sales in which the buyer is permitted to pay at a later date, commonly used in business to business transactions.
Specific Customers
Refers to the particular group or segment of customers targeted by a business for its products or services.
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