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The following table lists some statistics on Boring Bank.CategoryAmount ...
JadeDeLair
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The following table lists some statistics on Boring Bank.CategoryAmount ...
The following table lists some statistics on Boring Bank.
Category
Amount (dollars)
Reserves
________
Demand deposits
200
Long-term debt
________
Cash equivalents
80
Short-term borrowing
95
Long-term investments
230
Refer to the table above. Boring Bank has total liabilities of $320. Using the information in the table, what is the value of Boring Bank's long-term debt?
▸ $120
▸ $15
▸ $40
▸ $25
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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JadeDeLair
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Smart ... Thanks!
Turboturner
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Just got PERFECT on my quiz
kobbhy
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Helped a lot
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