If FNBNA Is Expecting a $15 Million Net Deposit Drain

question 17

Multiple Choice

If FNBNA is expecting a $15 million net deposit drain and the securities liquidity index is 0.98,how many securities would have to be liquidated if the bank used only its securities to fund the expected deposit drain?

• A)$15,000,000
• B)$16,444,331
• C)$15,600,000
• D)$15,306,122
• E)$16,772,345

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Definitions:

Lineages Converged

The phenomenon where unrelated species evolve similar traits or characteristics due to adaptation to similar environments or ecological niches, also known as convergent evolution.

Genomic Structure

The arrangement and organization of genes and regulatory sequences in an organism's genome, influencing its function and evolution.

Eukaryotes

Organisms whose cells contain a nucleus and other organelles enclosed within membranes.

Prokaryotes

Single-celled organisms without a nucleus or other membrane-bound organelles, including bacteria and archaea.