Multiple Choice
The Coppock Bank has $34,000,000 in deposits.If borrowings are $7,000,000,reserves are $3,500,000,and owner's equity is $2,000,000,what are the bank's total liabilities and net worth?
A) $46,500,000
B) $21,500,000
C) $24,000,000
D) $43,000,000
E) $43,500,000
Correct Answer:
Verified
Correct Answer:
Verified
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