A Bank Initially Has $190 Million in Assets and $150

question 28

Multiple Choice

A bank initially has $190 million in assets and $150 million in liabilities.The banks net worth (capital) is _____________ million.If the bank's assets increase by 10% and its liabilities do not change,its capital increases by ____________ .

• A)$340;10%
• B)$40;47.5%
• C)$40;10%
• D)$40;32.2%

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Definitions:

Criminal Law

The body of law that relates to crime, prescribing conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.

Criminal Liability

The legal responsibility for a criminal offense, with the potential for penalties like incarceration.

Corporate President

A high-ranking executive in a corporation, often responsible for the overall management and day-to-day operations of the company.

Sanitary Conditions

The state of cleanliness and hygiene that prevents health hazards and ensures a safe environment for living or working.