A bank initially has $190 million in assets and $150 million in liabilities. The banks net worth (capital) is _ million. If the bank's assets increase by 10% and its liabilities do not change, its capital increases by

A) $340; 10%
B) $40; 47.5%
C) $40; 10%
D) $40; 32.2%

Economics

The currency adopted by most countries in Western Europe is referred to as the

A) euro. B) pound. C) Eurodollar. D) yen.

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Economics

________ is maximized in a competitive market when marginal benefit equals marginal cost

A) Selling price B) Deadweight loss C) Marginal profit D) Economic surplus

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Economics

A bank initially has $190 million in assets and $150 million in liabilities. The banks net worth (capital) is _____________ million. If the bank's assets increase by 10% and its liabilities do not change, its capital increases by ____________