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    Exam 13: Money and the Banking System
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    First National Trust Has Assets of $900,000 and Liabilities of $600,000
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First National Trust Has Assets of $900,000 and Liabilities of $600,000

Question 111

Question 111

Multiple Choice

First National Trust has assets of $900,000 and liabilities of $600,000. First National Trust's owners' equity is:


A) $900,000.
B) $600,000.
C) $300,000.
D) $0.

Correct Answer:

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