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The following table lists various statistics for Bridger Bank. CategoryAmount (millions of ...

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The following table lists various statistics for Bridger Bank. CategoryAmount (millions of ...

The following table lists various statistics for Bridger Bank.

Category	Amount (millions of dollars)
Reserves	60
Demand deposits	120
Long-term debt	45
Cash equivalents	68
Short-term borrowing	53
Long-term investments	150

Refer to the table above. If Bridger Bank's total assets and total liabilities each increased by 10 percent, what would be the new level of stockholder's equity?

▸ $36 million

▸ $44 million

▸ $66 million

▸ $60 million

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 40 times

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