The Coppock Bank Began the Day with $10,000,000 in Its

question 61

Multiple Choice

The Coppock Bank began the day with $10,000,000 in its reserve account and ended the day with the same amount.If loans,other assets,and Treasury securities were $3,000,000 and owner's equity was $2,000,000,what is the bank's total amount of assets?

• A) $7,000,000
• B) $11,000,000
• C) $13,000,000
• D) $15,000,000
• E) There is not enough information to solve this.

---

Definitions:

Net Exports

The difference between a country's total value of exports and total value of imports, indicating if a country is in a trade surplus or deficit.

Surplus

A situation in which quantity supplied is greater than quantity demanded.

Net Capital Outflow

The disparity between domestic residents buying foreign assets and foreigners buying domestic assets.

Loanable Funds

The total resources available for lending, determined by the market where borrowers seek funds and lenders provide them, influencing interest rates.