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Homework answers / question archive / A bank that has liabilities of $150 billion and a net worth of $20 billion,must have Multiple Choice assets of $170 billion
A bank that has liabilities of $150 billion and a net worth of $20 billion,must have
Multiple Choice
assets of $170 billion. Oexcess reserves of $130 billion.
Oassets of $150 billion
Oexcess reserves of $150 billion
As we know,
Total Assets = Total Liabilities + Total Stockholders' Equity
= $150 billion + $20 billion
Total Assets = $170 billion
So, the correct option is 1st "Assets of $170 billion".
