If a Bank Has $1 Million in Assets and $50,000

question 31

Multiple Choice

If a bank has $1 million in assets and $50,000 in net worth,its liabilities must equal:

• A)$50,000.
• B)$1,050,000.
• C)$50 million.
• D)$1,000,000.
• E)$950,000.

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Definitions:

Readily Available

Something that is easily obtainable or accessible without significant effort or obstruction.

Value Rationality

A decision-making process focused on achieving a specific goal in a consistent, logical manner, irrespective of the personal utility gained.

Traditional Action

A term often associated with Max Weber, referring to actions motivated by established habits or customs rather than rational calculations or ethical considerations.

Means-ends Rationality

A concept in sociology that refers to people's actions being directed towards achieving specific goals by the most efficient means.