In the Week About to Begin,a Bank Expects $30 Million

question 92

Multiple Choice

In the week about to begin,a bank expects $30 million in incoming deposits,$20 million in deposit withdrawals,$15 million in revenues from the sale of nondeposit services,$25 million in customer loan repayments,$5 million in sale of bank assets,$45 million in money market borrowings,$60 million in acceptable loan requests,$10 million in repayments of bank borrowings,$5 million in cash outflows to cover other operating expenses,and $10 million in dividend payments to its stockholders.The bank's net liquidity position for the week is expected to be:

• A)$30 million surplus.
• B)$20 million deficit.
• C)$10 million deficit.
• D)$15 million surplus.
• E)None of the options is correct.

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Definitions:

Trial Basis

A provisional period during which a product, service, or employee is tested or used before making a final decision regarding adoption, employment, or purchase.

Net 30

A payment term indicating that the full payment is due 30 days after the invoice date.

Payment Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided to the buyer.

Microsoft Excel

A spreadsheet application developed by Microsoft that allows users to organize, format, and calculate data with formulas using a system of rows and columns.