A bank with $11 million in assets and $10 million in liabilities has n…

Question

A bank with $11 million in assets and $10 million in liabilities has net worth of:

Accepted Answer

B. $1 million

1. Net worth is assets minus liabilities.
2. 11 minus 10 is 1 million.
3. A healthy bank has positive net worth.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 13, Money and Banking (CC BY 4.0)._

Answer

$11 million

Answer

$21 million

Answer

$10 million

A bank with $11 million in assets and $10 million in liabilities has net worth of:

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