A Bank Which Has Liabilities of $150 Billion and a Net

question 83

Multiple Choice

A bank which has liabilities of $150 billion and a net worth of $20 billion must have:

• A)excess reserves of $130 billion.
• B)assets of $150 billion.
• C)excess reserves of $150 billion.
• D)assets of $170 billion.

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Definitions:

Existential Generalization

A logical operation that infers the existence of at least one object in a domain that satisfies a given proposition.

Existential Instantiation

A logical rule that deduces the existence of at least one instance of a predicate from a general statement.

Symbolize

The act of representing objects, actions, or ideas through symbols or a system of notation.

Loves

An intense feeling of deep affection towards a person, place, thing, or concept.