If a Bank Has $1 Million in Assets and $50,000

question 31

Multiple Choice

If a bank has $1 million in assets and $50,000 in net worth,its liabilities must equal:

• A)$50,000.
• B)$1,050,000.
• C)$50 million.
• D)$1,000,000.
• E)$950,000.

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Definitions:

Absolute

Something that is considered to be universal, unconditional, and complete in itself, often used in the context of truth or moral principles.

Utilitarian Theory

A normative ethical theory that posits the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.

Interests

Concerns, benefits, or advantages of a person or group.

Utilitarian Theory

A normative ethical theory suggesting that the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.