Rosestonjl3o5r Rosestonjl3o5r
  • 21-04-2017
  • Business
contestada

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

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metchelle
metchelle metchelle
  • 04-05-2017
Had to look for the options and here is my answer. Given that the bank possesses a liability that is worth $150 billion and its net worth is only $20 billion, then this would mean that the bank must have ASSETS OF $170 BILLION. Hope this answers your question.
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