You Know the Following Information About the Miller State Bank

question 12

Multiple Choice

You know the following information about the Miller State Bank: $\begin{array} { l r } \text { Gross loans } & \$ 300 \\\text { Miscellaneous assets } & 50 \\\text { Deposits } & 390 \\\text { Total equity } & 50 \\\text { Common stock par } & 5 \\\text { Non-deposit borrowings } & 60 \\\text { Investment securities } & 150 \\\text { Net premises } & 40 \\\text { Surplus } & 5 \\\text { Allowance for loan losses } & 50 \\\text { Total assets } & 500 \\\text { Gross premises } & 70\end{array}$
Given this information,what is the value of this firm's total liabilities plus equity?

• A)$250
• B)$450
• C)$150
• D)$50
• E)$500

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Definitions:

Payment Installments

Regular, partial payments made over a period of time to settle a debt or purchase price, often involving interest charges.

Practitioner

An individual involved professionally in the practice of a particular occupation, often in the healthcare and medicinal fields.

Initial Letter

The first letter of a word, sentence, or paragraph, which can sometimes be capitalized or stylized for emphasis or decorative purposes.

Days Past Due

The number of days that have elapsed since a payment was due, often used in financial contexts to indicate overdue payments.