Use the Following to Answer Questions

question 153

Multiple Choice

Use the following to answer questions:
Scenario: First National Bank
First National Bank has $80 million in checkable deposits, $15 million in deposits with the Federal Reserve, $5 million cash in the bank vault, and $5 million in government bonds.
-(Scenario: First National Bank) Look at the scenario First National Bank. The bank has liabilities of:

• A)$105 million.
• B)$95 million.
• C)$80 million.
• D)$100 million.