If FNBNA Is Expecting a $15 Million Net Deposit Drain

question 22

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 15 million/0.98 = $15,306,122

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Definitions:

Myers-Briggs

A personality inventory that categorizes individuals into 16 personality types based on their preferences in perceiving the world and making decisions.

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The ability to adapt to changes and challenges in one’s personal and professional life with ease.

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A standardized psychometric test of adult personality and psychopathology.

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