A bank has $150 million in assets and $90 million in liabilities. The bank's net worth is _____________ million and the bank is ____________
A) $105; insolvent
B) $40; insolvent
C) $60; solvent
D) $60; solvent
C
Economics
A) $105; insolvent
B) $40; insolvent
C) $60; solvent
D) $60; solvent
C