If a bank has $150 million in assets and a net worth of $20 million, its asset-to-equity ratio is:
A. 6.5 to 1.
B. 0.15 to 1.
C. 7.5 to 1.
D. 0.13 to 1.
Answer: C
Economics
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A Canadian oil company hires geological survey services from the United States. If all else remains equal, this will
A) increase the financial account. B) decrease the current account balance. C) increase the balance of trade. D) increase net exports.
Economics
A market for a product reaches equilibrium when:
A. The actual quantity bought by buyers equals actual quantity sold by sellers B. The price rises further after there is a surplus C. Buyers intend to buy a quantity equal to the quantity that sellers intend to sell D. Price falls further after there is a shortage
Economics