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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 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

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 42 times

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Correct

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