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dcooper78 dcooper78
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2 months ago
The following table lists various statistics for Bridger Bank.

CategoryAmount (millions of dollars)
Reserves60
Demand deposits120
Long-term debt45
Cash equivalents68
Short-term borrowing53
Long-term investments150

Refer to the table above. If Bridger Bank's total liabilities stay the same but stockholder's equity increases by 25 percent, then by what percentage did Bridger Bank's total assets change by?

▸ Decreased by 4.2 percent

▸ Increased by 5.4 percent

▸ Decreased by 15 percent

▸ Increased by 25 percent
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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mrivas57mrivas57
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Increased by 5.4 percent
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