For the Following Questions Use the Information in the Followingtable

question 8

Multiple Choice

For the following questions use the information in the followingtable.
-Given the information in Table 10.2,the banks' assets are equal to __________ and liabilities are __________.

• A)$9,600;$11,600
• B)-$2,000;$2,000
• C)$6,800;$7,500
• D)not enough information
• E)$11,600;$9,600

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Definitions:

Release

In legal terms, a contract or agreement which frees one or more parties from liability, claims, or obligations.

Liability

Legal responsibility for one's actions or omissions, which can result in an obligation to compensate for any resulting damages or losses.

Debt

an obligation, typically financial, owed by one party to another.

Retires

The act of leaving one's job and ceasing to work, typically due to reaching a certain age or for health reasons.