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Bad Bank Buys the Bad Loans for $232

question 84

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  Bad Bank buys the bad loans for $232. The proceeds of the loan sale are used by Good Bank to pay off purchased funds. -If the proceeds of the loan sale are used to pay off purchased funds, what will be the balance of the purchased funds for Good Bank after the transaction? A) $1,200. B) $232. C) $132. D) $68. E) $0. Bad Bank buys the bad loans for $232. The proceeds of the loan sale are used by Good Bank to pay off purchased funds.
-If the proceeds of the loan sale are used to pay off purchased funds, what will be the balance of the purchased funds for Good Bank after the transaction?


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