A Bank's Assets Are $670 Million and Its Liabilities Are

question 135

Multiple Choice

A bank's assets are $670 million and its liabilities are $490 million,which means that the bank's net worth (bank capital) is ____________________.If the bank's assets rise by 6% at the same time that its liabilities rise by 4%,the bank's new net worth will then be _______________.

• A) $1,160 million; $168.8 million
• B) $180 million; $168.8 million
• C) $100 million; $104 million
• D) $580 million; $160.5 million

Understand the concept of mistakes in contract law and their impact on contract validity.

Differentiate between unilateral, mutual, and common mistakes in contract formation.

Identify and understand the concept of non est factum and its application.

Recognize and explain the effects of fraudulent and innocent misrepresentation on contracts.

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Definitions:

Control Charts

A statistical tool used in quality control processes to monitor, control, and improve process performance over time.

Statistical Process Control

Statistical Process Control is a method of monitoring and controlling a process through statistical analysis to ensure it operates at its full potential.

Statistical Process Control

A method of quality control which employs statistical methods to monitor and control a process to ensure that it operates at its full potential.

Special Causes

Special causes, in the context of quality control, refer to unusual, unpredictable factors that cause variations in a process, distinguishing them from common causes.