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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 24
A bank has capital of $200 and a leverage ratio of 5. If the value of the bank's assets decline by 10 percent, then its capital will be reduced to
A) $100.
B) $150.
C) $180.
D) $185.
A) $100.
B) $150.
C) $180.
D) $185.
Explanation
Verified
Verified
Assets of a bank can be obtained using t...
Essentials of Economics 7th Edition by Gregory Mankiw
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