A Bank Which Has Liabilities of $150 Billion and a Net

question 83

Multiple Choice

A bank which has liabilities of $150 billion and a net worth of $20 billion must have:

• A)excess reserves of $130 billion.
• B)assets of $150 billion.
• C)excess reserves of $150 billion.
• D)assets of $170 billion.

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Definitions:

Hispanic Governor

A political leader of a state, district, or province who identifies as Hispanic or of Hispanic descent.

Denied Access

The rejection or prevention from entering or using resources, services, or locations.

Cultural Characteristics

Traits, values, or norms that define and distinguish a particular culture or society.

Livestock

Livestock refers to domesticated animals raised in an agricultural setting to produce commodities such as meat, milk, and fiber, or to perform labor.