Use the Following Information for Questions
1 St

question 14

Multiple Choice

Use the following information for questions
1 st State Bank Balance Sheet Assets
$\begin{array}{lrr}\text { Cash and Due from Banks } & \$ & 75 \\\text { Investments } & \$ & 400 \\\text { Federal Funds } & \$ & 18 \\\text { Loans } & \$ & 402 \\\text { Premises } & \$ & 105\\\text { Average Total Assets }&\$&1,000\\\\\text { Liabilities \& Equity }\\\text { Demand Deposits } & \$ & 150 \\\text { Time Deposits } & \$ & 325 \\\text { Federal Funds } & \$ & 425 \\\text { Equity } & \$ & 100\\\text { Average Total Liabilities \& Equity }&\$&1,000\\\\\text { Income Statement }\\\text { Interest Income } & \$ & 150 \\\text { Interest Expense } & \$ & 110 \\\text { Non-Interest Income } & \$ & 11 \\\text { Non-Interest Expense } & \$ &38\\\text { Net Income }&\$&13\end{array}$
-What is 1^st State's burden ratio?

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Definitions:

American Liberty League

A conservative political organization formed in 1934, opposing the New Deal and advocating for free enterprise and limited government.

Unionize

The process of organizing employees into a labor union which negotiates with employers for wages, working conditions, and other employment rights.

Trade Unions

Organizations that represent the collective interests of workers in negotiations with employers regarding wages, work conditions, and rights.

American Liberty League

A conservative political organization formed in 1934, opposing the New Deal of President Franklin D. Roosevelt and advocating for free enterprise and limited government.