Use the Following to Answer Questions

question 367

Multiple Choice

Use the following to answer questions:
First National Bank has $80 million in chequable deposits,$15 million in deposits with the Bank of Canada,$5 million cash in the bank vault,and $5 million in government bonds.
-(Scenario: First National Bank) Refer to Scenario: First National Bank.The bank has liabilities of:

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

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Definitions:

Polar

Describes molecules or bonds with an uneven distribution of charge due to differences in electronegativity, leading to partial positive and negative ends.

Tertiary Chloride

A compound featuring a chloride ion (Cl-) attached to a carbon atom, which in turn is connected to three other carbon atoms.

Primary Chloride

A chloride compound where the chlorine atom is bonded to a carbon atom that is itself bonded to no more than one other carbon atom.

Secondary Chloride

An organic compound where the chloride ion (Cl-) is attached to a carbon atom that is itself directly bonded to exactly two other carbon atoms, typically more reactive than tertiary chlorides.